The massive development of artificial intelligence (AI) technology\nbrings the potential for a major \u2018disaster\u2019, particularly in the cyber\nsecurity sector. Cybercrime campaigns, including online fraud, are\nbecoming increasingly sophisticated thanks to the adoption of AI.<\/p>\n
The potential danger of cyber security has become a concern in many\ncountries. The impact could ensnare all parties, including\nIndonesia.<\/p>\n
Hong Kong is already on high alert. The country neighbouring\nIndonesia has issued a warning to strengthen cyber security defences for\nlicensed companies. The local securities regulator explained this is due\nto increasingly sophisticated and targeted AI-based cyber threats.<\/p>\n
Reported cyber attack incidents have also increased within just one\nyear. Data from the Hong Kong Computer Emergency Response Team\nCoordination Centre revealed a 27% increase in incidents, from 12,536\ncases in 2024 to 15,877 in 2025.<\/p>\n
Most recently, the Hong Kong Securities and Futures Commission\nreminded licensed firms, particularly internet brokers and virtual asset\ntrading platforms, to adopt the latest security measures. This approach\nis expected to prevent unauthorised access to client data and protect\nagainst asset misuse.<\/p>\n
According to the local regulator, AI helps perpetrators to identify\nand exploit vulnerabilities more quickly. It also facilitates\nlarge-scale attacks and lowers the barriers for phishing and social\nengineering methods, as reported by Reuters on Thursday (4\/6\/2026).<\/p>\n
The regulator has also identified areas to strengthen cyber security,\nincluding locations for companies to perform patching and vulnerability\nmanagement, detection and monitoring, and incident response and\nrecovery.<\/p>\n
The SFC\u2019s executive director of intermediaries, Eric Yip, explained\nthe responsibility of senior management regarding cyber resilience and\nprotecting client assets.<\/p>\n
Meanwhile, security vulnerabilities due to AI have also become a\nfocus for global regulators because of the risks posed by Anthropic\u2019s AI\nmodel named Mythos. Australia\u2019s supervisory body and Japan\u2019s banking\nauthorities are among those voicing similar warnings.<\/p>\n
The newly launched Mythos was found to be capable of uncovering\nthousands of security flaws in major operating systems and web browsers.\nIts creator, Anthropic, also disclosed that this model could pose risks\nto the economy, public safety, and national security if misused.<\/p>\n
Concerns over this risk prompted US Treasury Secretary Scott Bessent\nand Federal Reserve Chair Jerome Powell to meet with the bosses of major\nbanks. The meeting discussed the potential risks involved. Similarly, UK\nauthorities have also held discussions with major banks and cyber\nsecurity officials. In Germany, the President of the Association of\nGerman Banks and CEO of Deutsche Bank, Christian Sewing, revealed that\nlocal banks have established close contact with European regulators.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/caution-major-disaster-set-to-hit-indonesia-neighbouring-countries-already-on-high-alert-1780613537", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }