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Friday, April 19, 2024

Banks strike back at cybercriminals

Unified effort to upgrade technology

Police show how cybercriminal networks work to deceive victims. Apichit Jinakul

The local banking industry is developing the technological infrastructure to prevent cybercrime in the hard-hit financial sector, according to an adviser to a key anti-fraud body.

This year the financial sector has reported 308 ransomware cases, followed by manufacturing with 182 cases, telecom with 70 cases, healthcare 42 cases, and government 41 cases.

Thailand’s top 10 industries affected by ransomware have tallied 1,910 cases this year, said Kitti Kosavisutte, honorary adviser to the Thailand Banking Sector Computer Emergency Response Team (TB-CERT), a group of financial…

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