Science & Tech · Cybersecurity · 1 hr ago

Indonesia Urges Banks to Strengthen Cybersecurity as Attacks Rise

Indonesia Urges Banks to Strengthen Cybersecurity as Attacks Rise

Indonesia's economic affairs minister urged banks to strengthen their cyber defenses as global cyberattack threats rise.

The Financial Services Authority, known as OJK, said it has coordinated with banks' IT staff since November 6 and reminded bank directors to stay alert.

Two reports cited different 24-hour attack counts: one recorded 1.6 million attacks blocked in Indonesia, including 761,000 targeting banking, while another recorded 1.9 million blocked, including 999,000 targeting banking, finance and insurance.

These figures came from monitoring at different times, and a cybersecurity expert said they refer to detected and blocked attempts, not successful hacks.

OJK requires banks to test and audit their systems and has asked them to monitor significant transactions and temporarily pause unusual ones for checks.

OJK and Bank Indonesia have activated a cyber incident response team, while the regulator advised customers to use official bank channels and continue banking as usual with account-safety measures.

3 sources

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What people are saying

Airlangga HartartoCoordinating Minister for Economic Affairs
each bank must strengthen its cybersecurity again, with the digital mechanisms available now
via CNN Indonesia
Dian Ediana RaeOJK chief executive for banking supervision
Since last Friday, OJK Banking IT Supervisors have coordinated with IT personnel from all banks to increase vigilance
via CNN Indonesia
The latest was last week, reminding bank management to remain vigilant and take preventive measures
via Tempo EN