Experts highlight that cyberattacks in Thailand have surged beyond 3,000 incidents, with the finance and energy sectors facing high risks. These attacks affect 10 industries valued at nearly 13 trillion baht, accounting for 60% of GDP. They urge government and private sectors to urgently implement seven strategies to prevent economic disruption.
Mr. Atth Pisanwanich, a lecturer at the Faculty of Economics, Rangsit University, presented an analysis titled “Cyberattacks and Their Impact on Thailand’s Economy,” noting that cyberattacks are intensifying worldwide, such as in Europe where cold storage and financial systems have suffered widespread damage.
Regarding Thailand, data from the National Cybersecurity Committee (NCCC) over the past four years (January–September 2023–2026) shows a significant rise in cyberattacks from about 2,000 incidents in 2023 to over 3,000 in 2026, increasing from an average of 12 to 363 attacks per day.
Assessment of 10 major industries with a combined economic value exceeding 12.74 trillion baht, or over 60% of GDP, reveals varying levels of risk as follows:
The 2026 OECD report indicates that among East Asian and ASEAN countries, China has the highest reported share of cyberattacks at 22%, followed by Japan at 21%, and South Korea at 10%.
However, focusing on ASEAN member countries, Thailand, Singapore, and the Philippines each have the highest reported attack share at 10%, followed by Malaysia at 6%, Indonesia at 4%, and Cambodia and Vietnam at 3% each, showing Thailand as a major regional target for cyber threats.
Factors contributing to Thailand’s economic vulnerability to cyberattacks include:
Growth in digital transactions. Expansion of electronic payment systems and online commerce increases risks of fraud and financial system attacks.
International supply chains. Manufacturing, transportation, and logistics sectors are interconnected globally; IT system disruptions could halt exports and production.
Critical infrastructure systems. Energy, telecommunications, and healthcare sectors, if compromised, could have cascading effects on overall economic activity.
Mr. Atth further explained that SMEs are the most vulnerable due to limited budgets, personnel, and protective systems. Meanwhile, large companies, especially in manufacturing, exports, and commercial banking, face continuous attacks aimed at disrupting payment systems and liquidity.
To safeguard long-term economic stability, government and private sectors should expedite the following measures:
Counter ransomware attacks. Mandate regular data backups and emergency recovery plans for government agencies and critical businesses.
Enhance DDoS protection systems. Especially for banking systems, online payment services, and government public service portals.
Protect critical infrastructure. Improve network security for electricity, water, aviation, hospitals, and logistics systems.
Support SMEs in cybersecurity. Implement incentives such as tax deductions or funding to help SMEs access affordable security systems.
Increase budget and personnel. Accelerate training of cybersecurity experts, vulnerability assessments, and phase out outdated technology systems.
Enhance international cooperation. Expand information sharing on threats with ASEAN countries and allies to combat cross-border cybercrime.
Prepare for hybrid warfare. Integrate security agencies, economic bodies, and private sector to respond to combined threats of cyberattacks, sabotage, and misinformation.
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