In the previous yr, Thai corporations experienced the lowest number of disruptive cyberattacks amongst ASEAN nations, with only 22% reporting an increase in incidents by 50% or more, based on a current survey by international cybersecurity firm Palo Alto Networks. However, cybersecurity remains a major concern for Thai businesses as they grapple with more and more complex threats.
The survey, which examined the cybersecurity landscape in ASEAN, revealed that 60% of Southeast Asian corporations, together with 57% in Thailand, are significantly concerned about malware. The examine, conducted in April, gathered insights from 500 company IT decision-makers and enterprise leaders across five key sectors: banking and finance, public sector and government providers, telecommunications and know-how, retail, resort, meals and beverage, as properly as transport, logistics, and manufacturing.
Tatchapol Poshyanond, the country director for Thailand and Indochina at Palo Alto Networks, highlighted that Thai organisations face three key cybersecurity challenges: unmonitored and unsecured IoT units (as raised by 54% of respondents), a requirement for a wider vary of cybersecurity solutions (47%), and a rise in digital transactions with third parties (47%), reported Bangkok Post.
For Thai organisations, probably the most worrisome threats are malware (57%), account takeover (57%) and password attacks (53%). Despite these considerations, the research identified that Thai corporates had the bottom cybersecurity threat exposure in ASEAN, with solely 37% of Thai organisations perceiving a excessive or very excessive risk from cyber threats.
However, Tatchapol cautioned towards complacency, emphasising that the lower number of disruptive cyber-attacks in Thailand does not mean organisations must be comfortable with the survey’s outcomes.
“Cybersecurity nonetheless needs to be at the top of the minds of management, as threat actors continue to evolve in their tactics and class.”
The report also conveyed that 49% of Thai respondents have increased their cybersecurity budget in response to operational optimisation (54%), new or changing information privacy legal guidelines (44%), rising digitisation (37%) and an evolving risk landscape (37%).
In terms of cybersecurity strategies, Thai organisations are focusing on securing IoT/OT (43%), overhauling menace detection and correlation systems/platforms (40%), identity and access management (38%) and safety orchestration, automation and response (SOAR) strategies for safety operation centres (38%).
Tatchapol highlighted the necessity for robust IT infrastructure, notably for industries like banking and finance, which are regularly undergoing digital transformation and face intense competition.
“Attack surfaces continue to increase with digital transformation.”
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