THE BANK of Thailand revealed that Thais are among cyber criminals favourite targets in Asia and as these scammers continuously come up with new tactics it led to a total of 56,746 online fraud cases in January this year with 3.981 billion baht being stolen, Matichon newspaper said today (Mar. 24).

 

Mr. Pinyo Tripetcharaporn, director of the central bank’s Overall Risk Management Department, said on SpotlightLiveTalk programme that statistics show of the total cyber fraud cases in January, 46% involved being deceived in making online purchases followed by 10% being tricked to borrow money and 7% duped into transferring money.

 

In terms of total stolen cash 32% was drained away through investment fraud.

 

On average cyber crime losses total around 4 billion baht a month with the total damage in 2023 being almost 50 billion baht which is very high, he said, adding the losses could climb this year because they rise when financial transactions increase.

 

by TNR Staff

Representation of a hacker. Above image: Shafin Al Asad Protic from Pixabay

 

Full story: THAI NEWSROOM 2024-03-25

 

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With AI on the loose, me thinks they'll be much, much more cyber criminals ......

4 hours ago, webfact said:

THE BANK of Thailand revealed that Thais are among cyber criminals favourite targets in Asia and as these scammers continuously come up with new tactics it led to a total of 56,746 online fraud cases in January this year with 3.981 billion baht being stolen,

The gullible will always be targeted.

 

You have to look on the bright side, then they are still good at something.

 

A hub, no less!

Might have something to do with the high rate of functional illiteracy in Thailand. People who don't properly understand what they are reading are easily tricked.