For instance, in 2010 McAfee Labs recorded about 60,000 new malwares per day, but by 2017 that number had risen almost ten folds to 500,000 or about 350 new malwares per minute. It is also estimated that the cost of cybercrime will be in excess of USD 600 billion this year. As such, organizations must build up sufficient cyber resilience by putting in place safeguards to improve threat prevention and detection and ensure preparedness for response and recovery should a cyber attack occur. Third, on inclusivity: economic development without fair distribution can induce social and economic instabilities, threatening long-term sustainable growth. This is one area we must improve as a country. According to Credit Suisse Global Wealth Report, 58 percent of the nation's wealth is controlled by the richest 1 percent of the people. Meanwhile, 61 percent of land is owned by the top 10 percent of the land owners, and three quarters of the population do not own any land. Like previous industrial revolutions, the digital revolution brings with it challenges in income and wealth distribution, as those with higher skills and access to capital are much more likely to reap the benefits and get larger pieces of the pie. This calls for increased efforts to address this issue to make sure that no one is left behind. If this issue is neglected, the digital divide will widen inequality gap even further. 4  Ensuring easy and affordable access to technology and innovation can help reduce inequality and promote Thailand’s inclusivity.
“Rising Above Disruptions: A Call for Action” Keynote Remark by Dr. Veerathai Santiprabhob Governor of the Bank of Thailand National Directors Conference 2018 Thai Institute of Directors 21 June 2018, Plaza Athenee Hotel, Bangkok Thailand Dr. Bandid Nijathaworn, Mr. Andrew Sheng, Secretary General Rapee Sucharitakul, Chief executives, Directors, Distinguished guests, Ladies and gentlemen. A very good morning to you all. First of all, I would like to express my sincere thanks to the Thai Institute of Directors (IOD) for inviting me to be a part of this exciting and important event. I have always had strong appreciation for IOD’s mission and work to improve director professionalism and corporate governance in Thailand. I would also like to commend the IOD on organizing this year’s conference with a proactive and forward looking agenda that goes well beyond its focus on corporate governance. This year’s conference program concentrates on areas that we need to collaborate to ensure the future success of our country. It is therefore such an honor to be here today to share my thoughts with distinguished directors and key leaders who play an integral role in driving Thailand forward. Ladies and gentlemen,  We are living in an unprecedented period of profound changes where exponential advancement in technologies is transforming everything we know. The speed, scope and impact of this technological change are unlike anything we have experienced before. It is disrupting and transforming the whole value chains, across all sectors in all corners of the globe, at an extremely fast pace.