JRFM, Vol. 18, Pages 671: Predictors of Digital Fraud: Evidence from Thailand

Journal of Risk and Financial Management doi: 10.3390/jrfm18120671

Authors:
Tanpat Kraiwanit
Pongsakorn Limna
Rattaphong Sonsuphap
Veraphong Chutipat

This study examined the complex interplay of demographic characteristics, behavioral patterns, and technological factors that contribute to digital fraud victimization within the context of a developing economy, focusing specifically on Thailand. Utilizing data collected from 1200 respondents and applying binary logistic regression analysis, the research identified key predictors of fraud exposure, including age, income, student status, use of portable devices, and social media engagement. A paradoxical finding emerged: stronger perceived digital security was associated with higher fraud risk, indicating that overconfidence in platform safeguards may unintentionally increase vulnerability. Interestingly, users’ perceptions of digital security—such as confidence in identity verification and password protocols—were positively associated with fraud victimization, indicating potential cognitive biases and overconfidence in digital environments. The findings revealed a high prevalence of fraud experiences among participants, highlighting the gap between perceived and actual digital safety. These results emphasized the urgent need for user-centered fraud prevention measures, enhanced digital literacy, and targeted public awareness campaigns. The study contributes to the broader understanding of cybersecurity challenges in emerging markets and offers policy-relevant insights for strengthening digital financial resilience.

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