Ranked 13th In The World In Cyber Security: Indonesia's Crypto Exchange Platform Appears Gemilang

Illustration. (Photo: Doc. Antara)

JAKARTA - According to a report from Cybersecurity Ventures, losses due to cybercrime globally are estimated at 10.5 trillion US dollars per year by 2025, up from $3 trillion in 2015.

Meanwhile, data from CoinWire shows that the global crypto trading volume is expected to reach $108 trillion this year with a significant increase in the number of users. This reflects the growth of the crypto industry that is increasingly gaining place in the global market, making cybersecurity a critical factor that all crypto trading platforms must pay attention to.

Certik totaling, a leading cybersecurity rating agency, places one of the crypto exchange platforms from Indonesia, INDODAX, ranked 13th in the world for cybersecurity thanks to technology and strict security procedures. INDODAX is also the only crypto exchange platform from Indonesia that is included in the 'A' predicate for security score.

In this context, high-ranking INDODAX in cybersecurity shows measures and investments in strict security technologies taken to protect user assets and data, especially given the increased potential loss from cybercrime.

In Indonesia, cases of personal data leakage are increasingly common and become a major concern in all sectors, including the crypto industry. Data leaks affecting millions of people show how important it is to have a strong security system. This proves an effective data protection system to prevent significant losses for individuals and companies is a must.

Not only that, cyber threats to crypto platforms are also increasing along with advances in technology and hacking techniques. Cybercriminals are increasingly sophisticated in exploiting system weaknesses. As a result, crypto trading platforms must continue to update and strengthen their security systems and networks. Otherwise, asset protection and user data from various forms of cyber attacks could be threatened.

Oscar Darmawan, CEO of INDODAX, said that with this achievement (increased 13 versions) show INDODAX's dedication to ensuring the security of users. According to him, this achievement in the cybersecurity aspect is the result of the hard work of all elements within the company.

"Currently, we are constantly trying to overcome cyber threats that are increasingly complex. This is because the security of funds and member data is a top priority," said Oscar, in his statement, Sunday, July 28.

Oscar also added that cybercrime could threaten anyone including crypto investors.

"We urge crypto investors to choose a good reputation crypto platform with a secure security system. Always make sure that the platforms selected apply high security standards and have effective data protection measures. For example, activation of the two-factor authentication feature (2FA) on crypto accounts on exchanges such as INDODAX. This is important to increase the layer of protection and prevent illegal access from entering carelessly," he said.

As is well known, cybersecurity is not only about data protection, but also about building long-term trust with communities.

"In the future, we will continue to update and improve our system as well as provide education to users about the best security practices. Thus, we hope to minimize risks and improve our secure and trusted investment experience on our platform," Oscar concluded.