AFTECH and Jalin Collaborate to Bolster Digital Transaction Security Against AI Threats

The rapid growth of Indonesia’s digital economy has significantly enhanced consumer convenience in financial transactions. However, behind this ease lies a growing threat of sophisticated cybercrime, particularly AI-powered attacks, posing serious challenges to the stability of the national financial ecosystem. According to Bank Indonesia data, digital payment transaction volumes continue to show positive trends. However, this growth is accompanied by an increase in cyberattacks recorded by the National Cyber and Crypto Agency (BSSN). In response, the Indonesian Fintech Association (AFTECH) and PT Jalin Pembayaran Nusantara (Jalin), with support from BPC, held a discussion forum titled ‘Protection in Action: Strengthening Fraud Resilience Across Ecosystem’ in Jakarta on Thursday, 21 May. The event aimed to enhance digital payment system resilience through close collaboration between regulators and industry players. Budi Gandasoebrata, AFTECH’s Second General Chairman, stressed that the industry must not only grow rapidly but also be resilient. ‘Security, infrastructure resilience, and risk management are fundamental. In this context, Fraud Detection Systems (FDS) are no longer just supporting features but critical infrastructure for the digital financial industry,’ Budi said. Similarly, Tri Herdianto, Head of the Consumer Legal Protection Directorate at the Financial Services Authority (OJK), highlighted that the widespread use of e-wallets and QRIS must be accompanied by industry readiness to mitigate fraud. He stated that fraud resilience is a key pillar in maintaining public trust. ‘Consumer protection and fraud resilience are shared responsibilities to ensure sustainability in the financial services sector,’ Tri said. As a national digital enabler under Danareksa State-Owned Enterprise Holding, Jalin promotes a collective security approach through strengthened shared services. Jalin’s President Director, Ario Tejo Bayu Aji, explained that this model allows for operational efficiency while standardising security quality. ‘This model enables industry players to focus on core business development while security foundations are professionally and co-ordinatedly managed to mitigate systemic risks,’ Ario explained. During the forum, participants also tested an Expert Lab session, a simulation of an FDS integrating cross-ecosystem data. AFTECH and Jalin are confident that through a system continuously learning from data interactions, they can create collective intelligence to proactively counter AI-based cyber threats, aiming for a secure and inclusive Indonesian digital economy. (Z-1)