TheJakartaPost
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Two major Indonesian securities firms, NH Korindo Sekuritas and Trimegah Sekuritas, fell victim to cyberattacks in May. NH Korindo managed to fend off the attack before any funds were withdrawn, limiting the damage to operational disruptions. Trimegah, however, wasn’t as fortunate. Losing an estimate of Rp 200 billion (US$12.3 million) from the breach.
Amid threats of inflation, geopolitical instability and risks of a global recession, IT leaders face immense pressure to ensure that technology investments remain relevant and deliver strategic impact for businesses. In response to this situation, the iCIO Community conducted research titled “IT Strategies and Priorities Amid Economic Uncertainty in 2025”. This research was conducted online from January to February 2025 and involved more than 50 IT leaders from various industries.
Observers have warned during a regional cyber conference this week that Southeast Asia is likely to see an increase in cyber attacks and online scam cases, calling on countries in the region to enhance their cyber readiness.
With the Indonesian Military (TNI) having identified improving cybersecurity as one of its top priorities this year, its chief Gen. Agus Subiyanto is considering recruiting civilians with expertise in information technology as soldiers, with a view for them to eventually join the planned cyber force.
Cybersecurity watchdogs have slammed the government for moving at a snail’s pace in devising implementing regulations for the Personal Data Protection (PDP) Law, particularly since the two-year deadline has already passed and millions of items of data have been stolen and sold on the dark web in a string of hacking incidents lately.
