Incident analysis
nstda.or.th was listed by Babuk2 ransomware, a group with 180 victims recorded in this database. The listing appeared on the group's leak site on March 18, 2025.
nstda.or.th is based in Thailand and operates in the Technology sector. Thailand ranks #17 worldwide for ransomware disclosures, with 190 victims in this database.
Sector context. Technology companies hold intellectual property, customer data, and source code — all highly valuable assets. A successful ransomware attack can also put downstream customers at risk through supply chain exposure.
Babuk2 typically follows a double extortion model: data is exfiltrated from the victim's systems before files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished. The leak site, where this listing appeared, is the lever for the second demand.