Digitalization Risk, Public Asked To Understand Cyber ​​Crime Modus For Prevention

Illustration of students playing smartphones. (Antara)

CENTRAL JAVA - The Deposit Insurance Agency (LPS) asked the public to be aware of various modes of cybercrime related to personal data information.

"The public must realize that personal data information used in transactions either through digital platforms or e-commerce must be properly guarded," said LPS member Didik Madiyono in a written statement, Wednesday, March 1, as reported by Antara.

According to him, vigilance is very important, especially when digital payments continue to increase along with the innovation of the national payment system, and the growth of the digital economy, including digital banks.

Apart from that, cash domination has also begun to diminish because it has been replaced by non-cash or cashless payments.

"In addition to the rapid development of digitalization, we also need to be aware of some of the risks associated with this digitalization trend, such as the risk of cyber attacks, sensitive data leaks, and other forms of operational risk related to information systems and technology," he said.

Based on electronic money transaction data, it was recorded that in 2022 there were IDR 6.9 billion electronic money transactions in Indonesia with a transaction value reaching IDR 408 trillion.

This upward trend will also consistently occur until mid-2022 both in volume and value.

"This increase shows that people are increasingly comfortable using digital transactions which are considered more practical, easy, and safe," he said.

It is important for the public to know, he continued, that the main difference between digital banks and non-digital banks is only in the delivery channel, but in terms of regulation and the role of LPS deposit insurance, there is no difference in treatment between digital banks and non-digital banks.

"So, LPS, in accordance with the mandate of the law, will still guarantee customer deposits at digital banks, while still looking at the 3T criteria," he said.

For information, the criteria for guaranteeing 3T LPS deposits consist of being recorded on the bank's books, the interest rate on deposits received by customers does not exceed the guaranteed interest, and there is no indication of committing a crime in the banking sector (fraud).

He added, the type of cyber attack that has been happening in society recently is by sending a link or file that has been infiltrated by malware which, if opened by the target, will allow the perpetrator to be able to access various things from the device used by the target invisibly.

For this reason, according to him, education and outreach are important points that need to be done, especially those that can increase public awareness of cyber threats and various modes of online fraud.

"Although financial digitalization has many advantages, the public also needs to always be vigilant and need to know the risks from the development of digital finance," he said.