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Thailand Fights Online Fraud with 1.57 Billion Baht
Photo courtesy of Bangkok Post 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 year. Astonishingly, a staggering 375,986 of these complaints were directly linked to online fraud.
Faced with the gravity of the situation, authorities have taken decisive action, freezing a substantial 1.57 billion baht from 206,238 bank accounts for thorough investigation.
The reported damage paints a grim picture, with online investment scams emerging as the frontrunner, causing jaw-dropping losses of 16.16 billion baht, reported Bangkok Post.
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