Thai organisations face frequent cyberattacks, study reveals

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A recent study conducted by Cloudflare, a US-based firm specialising in content delivery, networking, and cloud cybersecurity, disclosed that 57% of Thai organisations have been targeted by at least 10 cybersecurity incidents in the past year.

 

The findings revealed that the primary motivation for these cybercriminal activities was to install spyware, followed by financial gain and ransomware. Interestingly, despite the prevalent cybersecurity threats, less than half of the respondents (48%) affirmed that their organisations were well-prepared to counter these attacks.

 

Among the challenges faced by Thai organisations, a lack of risk awareness among employees stood out, as indicated by 52% of the respondents. The financial implications of these cybersecurity incidents were quite significant. Nearly two-thirds (65%) of the surveyed organisations reported a financial loss of at least US$1 million within the past year.

Medium-sized organisations appeared to be more affected, with 76% reporting a financial impact of at least US$2 million during the same period. Alongside the financial losses, the surveyed organisations also highlighted reputational damage, data/IP loss, and loss of customers as primary business impacts.

 

by Alex Morgan 

Photo by Mika Baumeister on Unsplash

 

Full story: The Thaiger 2023-11-30

 

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[PETERTHEEATER]

The MBK copies of Win 7 once used by many of these organisations never seemed to have a problem.

[bradiston]

No mention of the number of organizations surveyed. 4,009 decision makers across SE Asia? What rubbish. All their %s are meaningless. It could be 5 or 10 organizarions. And wasn't it Cloudflare getting hacked in the US that caused ASEAN Now's last big down time?