Alert issued over surging cybercrime

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Research suggests damage tallying 85 billion baht a day to be realised in Thailand this year

It is estimated that in 2023, the damage from cyberthreats would reach up to US$8 trillion, leading agencies around the world to recognise the urgency of addressing cyberthreats.

Cyberthreats are expected to cause roughly 772 billion baht’s worth of damage per day to victims around the world this year, of which 85 million baht per day would be realised in Thailand, according to the Stock Exchange of Thailand’s (SET) Research Department.

At the beginning of 2023, Thailand had 21 million internet users, representing 85.3% of the total population. This is higher than the global average of 64.4%.

Thai people spend an average of seven hours per day on the internet, falling within the top 10 globally in terms of internet usage.

Thai people also tend to conduct online transactions…

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