Search Results for: cybercrime
- Business News
Thailand’s cybersecurity spend critical as cybercrime costs surge
Thailand’s current expenditure on cybersecurity stands starkly low at just 0.2% of corporate revenue, despite the looming surge in cybercrime-related costs projected to reach US$10.5 trillion globally by 2025, according to cybersecurity firm Fortinet. Krungthai Compass, the research division of Krungthai Bank, anticipates that Thailand’s cybersecurity investment will climb to 18 billion baht (US$490 million) by 2025. This growth, averaging…
- Thailand News
Thailand’s cybercrime problem persists despite efforts
Thailand’s digital economy and society (DES) minister, Prasert Jantararuangthong, revealed that despite efforts to curb cybercrime, the problem remains rampant with damages averaging 100 million baht daily. The Anti-Online Scam Operation Centre (AOC), set up to address this issue, is yet to see a decline in the number of cases. The ongoing scams are attributed to the scammers’ increasingly sophisticated…
- Thailand News
Thai cybercrime nightmare: 50 billion baht online fraud shocks nation
Thailand has been plunged into a cybercrime crisis, with online fraud cases skyrocketing to a staggering 50.87 billion baht in damages over the last 21 months. Deputy government spokesman Karom Polpornklang disclosed today, December 7, that the Royal Thai Police website, www.thaipoliceonline.com, has been inundated with a whopping 405,194 fraud complaints from March 1 last year to November 30 this…
- Thailand News
Unprecedented alliance: Thailand and China team up against transnational cybercrime
In a move aimed at suffocating transnational crime, call centre scams and cybercrime, the governments of Thailand and China have come together in an unprecedented cooperative collaboration. Thailand’s Deputy Prime Minister Prawit Wongsuwon yesterday played host to Xu Ganlu, the Vice Minister of Public Security and the hand at the helm of the National Immigration Administration of China. The primary…
- Technology News
Thailand’s SET 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 772 billion baht worldwide, with Thailand alone likely to suffer losses of around 85 million baht each day this year. In 2023, as many as 61 million Thai citizens…
- Phuket News
Thai cybercrime bureau busts personal data trader in Phuket
In Phuket, there has been an arrest in relation to the sale of personal data extracted from gambling websites. This dramatic event unfolded yesterday, as Thai Cyber Crime Investigation Bureau (CCIB) officers yesterday swooped down on their unsuspecting target at about 12.30pm. The suspect, only identified as 28 year old Phadungkiat, was apprehended in the Mueang District, as detailed in…
- Business News
DES ministry set to combat cybercrime with new AI registry
The Ministry of Digital Economy and Society (DES) in Thailand is gearing up to introduce the Central Fraud Registry, a technological solution designed to combat scams and tackle illegal transactions. This innovation stems from the National Interbank Transaction Management and Exchange, a collaboration between the Thai Bankers’ Association (TBA) and the Bank of Thailand. As stated by notable DES figures,…
- Crime News
Spiritual medium scam: Bangkok’s cybercrime unit arrests mother-daughter duo over 50 million baht fraud
Bangkok’s cybercrime division launched a raid that led to the arrest of a mother and daughter duo accused of conning over 50 million baht from their victims over a spiritual medium scam. The two women set up a sham spiritual medium business, with the older woman and her 40 year old daughter, claiming to channel a deity and foretell the…
- Crime News
Potential Thai scammers race to close mule bank accounts as new cybercrime law enacted
Potential Thai scammers, particularly in Nakhon Phanom province, are racing to close suspected mule bank accounts after a new cybercrime law was enacted. According to the Pattaya Mail, the new law took effect on March 17, deeming that those who open a bank account or register a SIM card for a third party for illegal use will face jail time…
- Hot News
Bank of Thailand warns of elevated financial cybercrime risk
The Bank of Thailand (BoT) is warning consumers and banks of an elevated financial cybercrime risk. The warning comes after a man claimed that he had lost 101,560 baht from his bank account after using a public charging outlet. The BoT denied the claim after conducting an investigation and said it believes the theft occurred because the man was a…
- Thailand News
Thai govt to crackdown on cybercrime & handout free laptops to poor kids
The Thai government yesterday pledged to crackdown on cybercrime and to hand out 13 million free laptops to students from poor or low-income families. The Digital Economy and Society (DES) Ministry announced plans to administer free laptops to children from underprivileged families over the next four years starting next year under the Smart Thailand scheme. The Smart Thailand scheme is…
- Thailand News
UPDATE: Cybercrime police charged in kidnap for ransom plot, 2 former officers suspected
The Royal Thai Police arrested two officers from the Cyber Crime Investigation Bureau, or CCIB, on Sunday for allegedly kidnapping a gambling couple and their child last week. The wife claimed that officers from the Cyber Crime Investigation Bureau kidnapped her and her family for ransom, after winning 2 million baht from online gambling. The woman said that she, her…
- Thailand News
Officers from Thailand’s cybercrime police allegedly involved in kidnap for ransom plot
A woman claims officers from the cybercrime investigations department were involved in a kidnap for ransom plot after she had won 2 million baht in gambling. The woman is seeking help from a celebrity lawyer and claims that she, her husband, and her 11 year old child were kidnapped by a group of 15 people, including police officers, and were…
- Crime News
Cybercrime police arrest suspects who allegedly sold cannabis through Facebook
Thailand’s cybercrime police seized 76 kilograms of cannabis and arrested 2 Thai men for allegedly selling cannabis. Officers say the suspects used Facebook to connect with customers and delivered the cannabis by mail through the delivery service Kerry Express. Thai media identified the suspects as 43 year old Natthapong and his alleged accomplice, 25 year old Peerapong. Police say buyers…
- Thailand News
Royal Thai Police form new bureau to investigate cybercrime
The Royal Thai Police have formed a new organisation to investigate cyber-related crimes. Commissioner of the new Cybercrime Investigation Bureau, Kornchai Klaiklueng, says they will work with international counterparts, but officers need to train first before dealing with transnational cybercrime investigations. The bureau is short on staff and still needs to recruit more officers before it can begin operations, according…
- Thailand News
Anti-coup activist acquitted of sedition, cybercrime charges
A pro-democracy activist was acquitted today of sedition and cybercrime charges for criticising the ruling junta back in 2014. He was accused of violating Section 116 of the Criminal Code and the Computer Crime Act by posting messages against the 2014 coup that deposed PM Yingluck Shinawatra. The messages were posted between May 30 and June 4, 2015, when martial…
- Koh Samui News
French cybercrime suspect arrested in police raid – Samui
PHOTOS: Samui Police Frenchman Jonathan Verron, an alleged leader of a hacker group that stole data from a British financial institution and demanded a ransom to keep it secure, has been arrested on Koh Samui this morning (Friday). Crime Suppression Division Fifth Command and Technology Crime Suppression Division police had French embassy staff on hand when they raided a house…
- World News
Phuket Gazette World News: Aussie cruise tourists fall overboard; Boston bomber buried; Mega ATM cybercrime ring busted; Olympic sailor dies in America’s Cup mishap
PHUKET MEDIA WATCH– World news compiled by Gazette editors for Phuket’s international community Aussie cruise liner passengers fall overboard Reuters / Phuket GazettePHUKET: Australian emergency crews were searching on Friday for two people who fell overboard from a Carnival Corp cruise liner off the New South Wales coast.Police said surveillance camera footage from the ship showed the 30-year-old man and…
- Thailand News
Thai woman arrested in Chalong for bank scam involvement
A woman in Chalong has been arrested by the Central Investigation Bureau (CIB) for her involvement in a scam operation with the illegal creation of a false bank account. Law enforcement officials apprehended Cantida at her residence in Chalong on Wednesday, July 3. The charges against her fall under the Computer Crimes Act, focusing on fraud by entering false data…
- Thailand video news
Thailand Video News | Illegal immigrants arrested in Samut Prakan feud raid, former Deputy Commerce Minister receives death sentence for murder
In Thailand Video News, Alex talks about how 50 illegal Cambodian and Burmese immigrants have been arrested in Samut Prakan after a condominium was raided by police. Former Deputy Commerce Minister Banyin Tangpakorn has had their death sentence upheld by the Supreme Court for the murder of a construction tycoon. A UN report has revealed Thai banks have contributed to…
- Thailand News
Brothers arrested for Facebook scam soliciting hospital donations
Police arrested two brothers for a Facebook scam operation, with fake profiles of local celebrities to fraudulently solicit donations, claiming that an 8,999 baht donation was essential for the purchase of hospital equipment. At a press conference held yesterday at the Provincial Police Region Office in Udon Thani, Senior Police Officer Chakat Tiamwong, alongside other high-ranking officers, announced the arrest…
- Thailand News
Sustainability needs more than ESG compliance, says expert
Achieving sustainability requires more than just adherence to environmental, social, and governance (ESG) principles, according to Rajeev Peshawaria, CEO of Stewardship Asia Centre. Speaking at a conference in Bangkok this week, Peshawaria emphasised that a genuine desire for a better future is crucial. The ESG framework, which has been around since the 1990s, is proving effective in some areas but…
- Retire in Thailand
Scams that can ruin your retirement plan in Thailand
The process of retirement planning, particularly when considering a unique location such as Thailand, demands a careful and knowledgeable strategy. In manoeuvring through this complex procedure, it is crucial to remain aware of potential hindrances that could adversely affect the peace of your retirement years. Ranging from understanding the intricacies regarding taxation on lump-sum retirement funds to discerning potential misinformation…
- Thailand News
Shitty situation: Thai lawyer pours poo on himself after scam
A prominent lawyer in Ratchaburi found himself a victim of a call centre scam, wiping out his entire bank account, angered by the lack of assistance from the bank branch, he staged a protest and poured poo over himself. At 9.30am on June 4, reports surfaced of a well-known attorney staging a protest in front of a local bank after…
- Thailand News
Thailand to launch cyber-command unit for digital defence
Thailand is poised to bolster its cyber warfare capabilities with the establishment of a dedicated cyber-command unit by October. This initiative, revealed by Jirayu Huangsap, spokesman for Defence Minister Sutin Klungsang, aims to strengthen the country’s defence against emerging digital threats. General Songwit Noonphakdi, commander-in-chief of the Royal Thai Armed Forces (RTARF), has been tasked with creating the unit following…
- Thailand News
Power play: Thailand to spark up grey businesses in Myanmar
Thailand may soon provide electricity and Internet access to grey businesses across the border in Myanmar, according to Move Forward Party list-MP Rangsiman Rome. This decision comes after the previous revocation of electricity and water supplies due to an increase in transnational crimes, including call centres. Rangsiman, who chairs a House committee on state security, expressed concerns that power supplies…
- Thailand News
Cybersecurity trends and threats in 2024
In an epoch where threats from the cyber realm are becoming progressively sophisticated, it is no longer a luxury to be proactive, but rather, a necessity. The crucial role that Artificial Intelligence and automation play in determining cybersecurity trends is becoming increasingly evident, leading transformation across various dimensions of cybersecurity operations. Ranging from threat detection to predictive analytics, solutions powered…
- Business News
How Cryptocurrency is changing consumer behaviour in Thailand
Cryptocurrencies like bitcoin or similar have played a significant role in the global economy in recent times, and Thailand is just one of the countries where these changes are taking place. Since the country has a young population, and this population is actually tech-savvy, it didn’t take long for cryptocurrencies to be adopted. While the popularisation of cryptocurrencies in Thailand…
- Thailand News
Thai police bust illegal lender for extreme rates and data breach
Thai authorities apprehended 37 year old man at his residence for running an illegal money-lending enterprise that charged exorbitant interest rates of 8% per week. The operation, led by senior police officials, uncovered not only evidence of the illicit business but also a trove of personal data harvested from individuals, signalling a breach of Thailand’s Personal Data Protection Act. Yesterday,…
- Business News
Crypto crackdown: Regulatory bodies unite to reel in P2P fraud
Regulatory bodies are rallying together to develop stringent rules to monitor the buying and selling of cryptocurrencies via peer-to-peer (P2P) transactions. These authorities have observed that fraudsters, seeking to cover their tracks after illicit activities, tend to use cryptocurrencies purchased P2P. The Securities and Exchange Commission (SEC) is being urged to revise or create regulations related to digital assets, to…
