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Prioritising Cybersecurity in Indonesia’s Banking Sector

Junaidi Auly, a member of the Commission XI of the Indonesian People’s Representative Council (DPR RI) has called for an enhancement of cybersecurity in the banking sector. He emphasised that the government should prioritise sensitivity and innovation in addressing cybersecurity issues when designing programmes. The good news is that key officials in Indonesia have started to recognise the importance of cyber security. They have begun to echo this sentiment in various programmes they undertake.

Institutions are aware that the implications of crimes in the banking sector not only result in financial losses for banks and customers but also have the potential to undermine customer trust in the security of the banking system.

One notable example is the Bank Syariah Indonesia (BSI), which has conducted security evaluations and implemented measures to enhance its ability to anticipate and respond to various cyber-crimes. This includes the development and improvement of strategies to ensure the effectiveness of their security measures.

Indonesia’s Vice President Ma’ruf Amin emphasised the importance of enhancing and bolstering cyber security measures in the country, particularly focusing on the banking sector. However, he also highlighted that cyber security concerns extend beyond banking alone and encompass various aspects related to the digital and internet realm. High economic growth has the potential to attract numerous criminal threats, particularly in the field of cyber security.

Common cyber crimes that frequently occur include malware, SQL injection, phishing, man-in-the-middle attacks, and denial-of-service attacks. Additionally, there are several common cyber security measures that are implemented, such as cloud security, network security, and application security.

Cloud security is an essential aspect of ensuring data security. Several threats to cloud security include data theft, data misuse, and hijacking of service traffic. Cloud security refers to efforts to protect data stored in the cloud. It encompasses technologies, policy controls, and services that support cloud security measures.

Network security involves efforts to protect internal networks by enhancing network security. Its role is crucial for companies that heavily rely on network systems for their operations. In addition to safeguarding corporate assets from cyber threats, network security also helps manage network traffic for improved efficiency. One example is using antivirus and firewall solutions to detect and mitigate threats posed by Malware.

The third aspect is application security. This type of cyber security focuses on enhancing the security of applications accessed from various networks, protecting them from a wide range of cyber-attacks. Several methods ensure that the security process functions effectively, including authentication procedures, authorisation mechanisms, encryption, logging, and application security testing.

The National Cyber and Crypto Agency (BSSN ) and the Indonesian ICT Association are also actively involved in cyber security initiatives. Recently, they organised a seminar aimed at providing education and awareness on cyber security, addressing the increasing occurrence of cyber incidents throughout the year 2022. The campaign seeks to raise public awareness about the importance of cyber security, as highlighted by Sulistyo, the Deputy of Cyber Security and Human Development of BSSN.

The challenges in the field of cyber security have been longstanding. To ensure a robust cyber security framework, it is imperative for all stakeholders, including the private sector and government, to collaborate and cultivate more effective models that anticipate and counter future cyber-attacks, which can happen unpredictably.

It is crucial for the public as well to remain vigilant when consuming online content, especially in relation to financial transactions involving various schemes. Exercising caution while engaging in online activities and being mindful of potential risks associated with internet usages, such as scams or fraudulent schemes, is of utmost importance.


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