{
    "success": true,
    "data": {
        "id": 1699266,
        "msgid": "fintech-can-collapse-without-layered-security-here-are-its-4-secret-layers-1777045985",
        "date": "2026-04-24 20:34:21",
        "title": "Fintech Can Collapse Without Layered Security: Here Are Its 4 Secret Layers",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Regulation",
        "summary": "Vida, a provider of digital identity and fraud prevention solutions, emphasises the critical need for secure, verifiable digital identity infrastructure to safeguard the expanding fintech ecosystem amid increasingly sophisticated cyber threats. Founder and Group CEO Niki Santo Luhur advocates for multi-layered defences, drawing parallels to medieval castle fortifications, and outlines four strategic layers: individual verification using biometrics with added safeguards, device verification to counter manipulation attacks, and identity verification against government databases. This approach, combined with strengthened legal frameworks, is essential to protect consumers and elevate security standards in Asia's fintech industry.",
        "content": "<p>Jakarta, VIVA - Provider of digital identity and fraud prevention\nsolutions, Vida, reminds of the importance of secure and verifiable\ndigital identity infrastructure in protecting the growing financial\ntechnology (fintech) ecosystem.<\/p>\n<p>Founder and Group CEO of Vida, Niki Santo Luhur, explains how\ncybercrime tactics are becoming increasingly complex, while highlighting\nthe strategic steps that fintech industry players in Asia need to take\nto anticipate such threats.<\/p>\n<p>\u201cWe all realise that scams are becoming more prevalent worldwide with\never-evolving methods. Education alone is not enough to face this\nchallenge. It must be complemented by strengthening infrastructure and a\nlegal ecosystem capable of protecting consumers and raising security\nstandards,\u201d he said on Friday, 24 April 2026.<\/p>\n<p>Strengthening infrastructure is a crucial foundation for fintech\nplayers. He believes that implementing multi-layered defence is\nessential to counter increasingly sophisticated digital fraud\nmethods.<\/p>\n<p>\u201cLike in the Middle Ages, when building a castle, the defence system\nwas designed in layers to protect against enemy attacks. A similar\napproach needs to be applied in building security in the fintech\nindustry,\u201d he stated.<\/p>\n<p>Niki then shared four layers and strategic steps that fintech players\ncan implement to optimise their security systems:<\/p>\n<ol type=\"1\">\n<li><p>Individual verification. Utilising biometric technology supported\nby additional security layers is crucial to ensure that the user is a\nreal individual, not just an image or photo snippet taken from the\ninternet.<\/p><\/li>\n<li><p>Device verification. This aspect is often overlooked, yet if\nanticipated, it can help strengthen the security system. Many attacks\nstart from device vulnerabilities, such as injection attacks that allow\ncamera manipulation.<\/p><\/li>\n<\/ol>\n<p>In this scenario, scammers can input fake biometric data, such as\nphotos, video recordings, or AI-based deepfakes into the system.\nTherefore, it is important to ensure that the camera source and facial\nbiometrics used are truly authentic and not manipulated.<\/p>\n<ol start=\"3\" type=\"1\">\n<li>Identity verification. It is important to ensure that the identity\nused is registered in the local government\u2019s database, including\nalignment with the physical identity documents possessed.<\/li>\n<\/ol>",
        "url": "https:\/\/jawawa.id\/newsitem\/fintech-can-collapse-without-layered-security-here-are-its-4-secret-layers-1777045985",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}