Support Cybersecurity In Banking Through Electronic Certification

The digital transformation that has occurred in the world of finance and banking has not yet been accompanied by a capable cybersecurity system. (Photo: Ist)

JAKARTA Privy as a leading digital trust service provider again emphasized the importance of cybersecurity in the midst of massive digital transformation of the financial and banking industry.

VP Business Development of PT Privy Digital Identity (Privy) Rony Tanrim emphasized that this was in the Talkshow and Launch of the 'Cyber Bank Security' Book by Infobank at Atma Jaya University, Yogyakarta, July 30, 2024.

The current digital transformation that has occurred in the world of finance and banking has not been accompanied by a capable cybersecurity system.

One of the obstacles is the question of a cost that is not cheap.

Financial industry business players consider it new and licensing for cybersecurity is considered a cost or cost.

"From me, it's actually a clich but simple, in this sense, because I believe that business people in the financial industry or banking feel this is still a new thing. So this is considered a cost or cost, while the mindset that needs to be planted is investment," said Rony Tanrim.

Rony Tanrim emphasized that business in the financial or banking industry is a business based on trust in its customers.

"This banking business is actually a business of trust, so the risk of reputation is still everything," he added.

To maintain customer reputation and trust, the banking world needs to innovate in the digital transformation of the financial industry today.

Rony Tanrim mentioned two things that the banking industry needs to do, namely having an ISO 27001 and a Data Center (DC), as well as a Disaster Recovery Center (DRC) to strengthen cybersecurity.

ISOs related to information systems and privacy data are the strength of a business, while DC and DRC are risk and security mitigation measures in the digitalization process.

Cybersecurity requires the existence of ISO 27001 regarding information systems and also privacy data. What does that mean? The ISO is not only for all of you to come for the company, all of you, but also for the back power that works inside, you have to do it really in a disciplined manner, all the suggestion or checklist reporting from the first ISO," said Rony Tanrim.

In this case, Rony emphasized the importance of ownership of DRC for a financial industry institution and Privy can be a solution to provide security and comfort in the sustainability process of digitization.

Digital there must be a cure, the medicine is to be vigilant and Privy can help all of that to provide security and comfort in our field of expertise. So our products have e-KYC, Digital Signature, and e-Materai," said Rony Tanrim.