Ever Get Hacker Attacks Up To 200,000 Times A DAY, LPS Investments Rp200 BILLION For Cyber Security Strengthening

NUSA DUA - The Deposit Insurance Corporation (LPS) invested Rp200 billion to strengthen cybersecurity.

"We increase cybersecurity by investing more than Rp. 200 billion. We present people who are experts in cybersecurity and we train or upgrade employees within our institution," said LPS Board of Commissioners Purbaya Yudhi Sadive at a press conference related to the LPS International Seminar in Nusa Dua, Bali, Wednesday.

He said that when he was elected Chairman of the LPS Board of Commissioners, he immediately called hackers to check cybersecurity by turning off the LPS home page, which immediately died within five seconds.

"Now we are good, we already have a good integrated core system, and it was proven that in mid-2021, attacked us a day 200 thousand," he said.

However, by mid-2021, as LPS cybersecurity was already stronger, the ransomware threat, which came on weekends and started attacks on weekdays, could be resolved immediately.

LPS previously held the 2nd Asia Pacific Regional Committee International Association of Deposit Insurers (APRC IADI) forum on "Ciber Security and Company Risk Management for Depositables" in Bali on 6-7 November 2022.

"This two-day study visit by speakers who are experts in their fields aims to enrich and provide important knowledge and skills of participants on Cybersecurity and Company Risk Management comprehensively and comprehensively," said Purbaya.

More than a hundred participants who attended directly in the activity were representatives of the deposit guarantor authorities in their respective countries and representative institutions from international financial institutions namely the World Bank and IADI.

The participants came from 30 countries spread from Europe, America, Africa, and Asia.