Protect Customer Data, The Financial Sector Needs More Firm Cyber Rules

Illustration of cyber attacks (photo: Freepik)

JAKARTA - In June 2024, the Financial Services Authority (OJK) launched a Cyber Security Guideline (Cybersecurity Guidelines) specifically designed for Financial Sector Technology Innovation Operators (ITSK).

These guidelines include reactive and proactive strategies to ensure cybersecurity is a crucial part of the ITSK ecosystem, which includes data protection, risk management, incident response, maturity assessment, training and awareness by prioritizing the principles of collaboration and information exchange.

Adi Rusli as Country Manager, Palo Alto Networks Indonesia admits that the OJK guidelines are one of the positive steps taken by the government in improving cybersecurity in the financial sector.

"Regarding the guidelines from the OJK, there has actually been a positive step forward. To be honest, maybe yes, actually I prefer to have tougher regulations, not just guidelines," he told the media in a coffee chat session with the media on Wednesday, November 20 in Jakarta.

Because according to him, if it is related to cybersecurity, then no one should violate these rules. Especially because the financial sector is one of the sectors that is most often targeted by threat actors.

Not only that, Adi also emphasized the company to increase employee awareness of the importance of cyber security, as well as allocate sufficient budget for data protection.

According to Adi, currently companies not only need to compete in presenting oasi through advanced technology, but "people" or qualified resources are also important in cybersecurity.

"So there will still be aspects of people and aspects of process. If both of them are still perforated, they want technology at any extent, it's the same (not useful)," Adi said further.