Thai Companies Expect Double-Digit Growth on Computer Security Spending

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Malware threats and complexity are causing Thai businesses to resume spending on computer security. Growth in spending on computer security is expected to reach double digits this year as the country’s digital economy continues to grow. The national e-payment system is also a target for malware creators, according to a security firm in the country.

Trend Micro’s (Thailand) manager Piyatida Tantrakul stated that the company has seen an uptick in spending on cybersecurity over the last six months. The banking sector was mentioned specifically as spending more on cybersecurity.

Raw figures on computer security spending are not available, but the industry had high single-digit growth in 2015.

Financial technology, along with the national e-payment system, have put a focus on computer security. Malware growth is a driving force behind automated data protection software in the country, according to senior manager at Trend Micro, Khongsak Kortakul.

Hackers are moving away from attacking companies at the server level, says Trend Micro. The company has witnessed growth in malware that attacks web applications at the application level, which requires a less intensive approach. Hackers are exploiting security vulnerabilities in applications rather than on operating systems, which are quickly patched.

Thailand companies suffer 10 malware attacks per month, with a heavy focus on medium-sized businesses.

Trend Micro’s business focuses on businesses with 200 – 2000 employees, which are considered medium-sized businesses. Software to protect data and web applications has grown in demand. Cloud computing has also grown in the industrial sector, as hybrid cloud environments are less expensive and often come with enhanced security measures.

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