More than 21,000 cases of cyber fraud were reported in Thailand in February alone, and damage from cybercrime has exceeded 2 billion baht.
The public in Thailand has been warned to be careful online after it was revealed that police recorded 21,506 cases of cybercrime in February alone. Damages from the offences totalled 2,493,842,459 baht, Matichon newspaper reported.
Karom Phonphonklang, deputy spokesman for the Prime Minister’s Office, said the average daily loss from cyber fraud in Thailand is 85,944,56 baht, with 740 cases reported.
In February, 26,621 bank accounts were blocked, with 585,162,740 baht blocked out of the 1,592,427,042 baht requested for blocking.
The top five types of cyber fraud in Thailand are:
Fraud in the purchase or sale of goods or services. Damages totalled 198,614,971 baht Fraudulent transfer of money to generate additional income. Damages reached 326,172,595 baht Being tricked into borrowing money. Damage reached 106,624,305 baht Fraudulently induced to invest through a computer system. The damage reached 1,151,441,270 baht Scammers from call centres. The damage was 233,274,414 baht.
Earlier this month, it was reported that Thailand has recently seen a multi-fold increase in the number of cases of bank accounts being blocked after trading on cryptocurrency exchanges.
In P2P transactions on cryptocurrency exchanges, users are transferred Thai baht fraudulently obtained. When the victim contacts the police, the entire chain of those who received even some of the stolen money into their bank account is blocked for clarification.
Therefore, it is not recommended to use P2P trading on unlicensed cryptocurrency exchanges to exchange currency for Thai baht. The exception is crypto exchanges that have been licensed by the Thai Ministry of Finance and transfer money on behalf of a legal entity. Bitazza or BitKub, for example.
“I urge people not to be deceived or fall victim to scammers. If you have been scammed, report the problem online at www.thaipoliceonline.com or call 1441 or 08-1866-3000,” Karom said.
More Articles Here
More Articles Here
