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Platforms, banks in Thailand to share cybercrime liability under new decree

By Choltanutkun Tun-atiruj ( March 14, 2025, 07:14 GMT | Insight) -- Financial institutions, social media platforms and telecommunications providers in Thailand could soon be required to do more to fight tech crimes and protect their users under an emergency decree, or else be held responsible for the financial damages victims suffer. However, industry players have raised significant concerns over the lack of clear thresholds that could make them vulnerable to exploitation, while rights groups worry the covered institutions would infringe on users’ privacy rights to ensure compliance. Financial institutions, social media platforms and telecommunications providers in Thailand may soon be required to take stronger measures against tech crimes and enhance user protection under an emergency decree, or risk being held responsible for victims’ financial losses....

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