Adigsi Partners with APEI to Protect Customer Data from Cyber Threats

The Chairman of the Indonesian Digitalisation and Cyber Security Association (Adigsi), Firlie Ganinduto, has highlighted the alarming growth of cybercrime, with global losses projected to reach approximately USD 10.5 trillion, or around Rp 187 thousand trillion, per year by 2025. ‘This is a shocking increase from USD 3 trillion in 2015,’ Firlie said during the Capital Market Cyber Resilience Forum in Jakarta on Monday (29/6/2026). He noted that the majority of losses stem from ransomware and data breaches, with the financial services, healthcare, and manufacturing sectors being the most affected. Beyond the direct financial impact, these sectors also face system recovery costs and legal liabilities. ‘That does not even include the reputational damage to a brand, which is directly linked to the protection of customer or consumer data,’ Firlie added. As part of efforts to mitigate cyber threats in the financial sector, particularly the stock exchange, Adigsi has signed a Memorandum of Understanding (MoU) with the Indonesian Securities Companies Association (APEI). Firlie explained that the collaboration is strategic, given the crucial role of the capital market in national economic growth. ‘Cyber security is no longer just the responsibility of the IT function, but is part of governance, risk management, business continuity, consumer protection, and corporate reputation, all of which are linked to economic growth,’ he said. Through this collaboration, Adigsi will prepare an Executive Cyber Resilience Assessment Programme as an initial step for securities companies to measure their cyber readiness. The initiative will also include providing counselling for firms to strengthen their cyber security and collaborating to establish a Computer Security Incident Response Team (CSIRT) specifically designed to prevent, detect, respond to, and recover systems from cyber incidents in the capital market. ‘This will serve as a practical reference that securities companies can use to conduct an initial evaluation of their respective cyber readiness and resilience,’ Firlie stated.