Thailand warns of escalating cybercrime
The Research Department of the Stock Exchange of Thailand (SET) has provided a stark warning about the escalating threat from cybercriminals.
The department estimates that cybercrime inflicts daily approximate damage of 85 million THB (2.5 million USD) each day this year. It has emphasised the necessity to address this pressing issue as global damage from cybercrime threats continues to balloon. Predicted to top 8 trillion USD by 2023, the urgent necessity to curtail cyber threats is globally acknowledged.
According to SET, the burgeoning threat of cybercrime continues to escalate in Thailand. The country recorded 218,210 complaints relating to cybercrime threats within just one year. Assessed damage from these incidents equated to 31.5 billion baht or 85 million baht each day. Most of these cybercrimes were personal frauds executed by call centre gangs.
