Caution: Major Disaster Set to Hit Indonesia, Neighbouring Countries Already on High Alert
The massive development of artificial intelligence (AI) technology brings the potential for a major ‘disaster’, particularly in the cyber security sector. Cybercrime campaigns, including online fraud, are becoming increasingly sophisticated thanks to the adoption of AI.
The potential danger of cyber security has become a concern in many countries. The impact could ensnare all parties, including Indonesia.
Hong Kong is already on high alert. The country neighbouring Indonesia has issued a warning to strengthen cyber security defences for licensed companies. The local securities regulator explained this is due to increasingly sophisticated and targeted AI-based cyber threats.
Reported cyber attack incidents have also increased within just one year. Data from the Hong Kong Computer Emergency Response Team Coordination Centre revealed a 27% increase in incidents, from 12,536 cases in 2024 to 15,877 in 2025.
Most recently, the Hong Kong Securities and Futures Commission reminded licensed firms, particularly internet brokers and virtual asset trading platforms, to adopt the latest security measures. This approach is expected to prevent unauthorised access to client data and protect against asset misuse.
According to the local regulator, AI helps perpetrators to identify and exploit vulnerabilities more quickly. It also facilitates large-scale attacks and lowers the barriers for phishing and social engineering methods, as reported by Reuters on Thursday (4/6/2026).
The regulator has also identified areas to strengthen cyber security, including locations for companies to perform patching and vulnerability management, detection and monitoring, and incident response and recovery.
The SFC’s executive director of intermediaries, Eric Yip, explained the responsibility of senior management regarding cyber resilience and protecting client assets.
Meanwhile, security vulnerabilities due to AI have also become a focus for global regulators because of the risks posed by Anthropic’s AI model named Mythos. Australia’s supervisory body and Japan’s banking authorities are among those voicing similar warnings.
The newly launched Mythos was found to be capable of uncovering thousands of security flaws in major operating systems and web browsers. Its creator, Anthropic, also disclosed that this model could pose risks to the economy, public safety, and national security if misused.
Concerns over this risk prompted US Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to meet with the bosses of major banks. The meeting discussed the potential risks involved. Similarly, UK authorities have also held discussions with major banks and cyber security officials. In Germany, the President of the Association of German Banks and CEO of Deutsche Bank, Christian Sewing, revealed that local banks have established close contact with European regulators.