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View all search resultssecurities
Opinion 8 months ago
PREMIUM
Analysis: Cybersecurity breaches on major securities firms raise alarm
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 NH Korindo managed to fend off the attack before any funds were withdrawn, limiting the damage to operational disruptions.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.
Markets 1 year ago
PREMIUM
Foreign investors favor BI securities over stocks, government bonds
According to the World Bank, the introduction of the SRBI has had unintended consequences of crowding out government borrowing, as commercial banks have reduced their holdings of government securities and turned toward BI’s new securities.
