LPS reminds customers to protect personal data when investing

Yogyakarta (ANTARA) - The Deposit Insurance Corporation (LPS) has reminded banking customers to refrain from carelessly sharing personal data when investing, following the escalating risk of digital crime in the financial sector.

Anggito Abimanyu, Chair of the Deposit Insurance Corporation (LPS) Commissioner Board, stated that the growing interest in investment among retail customers must be balanced with an understanding of risks and data security.

“Retail customers now have high enthusiasm for investing in equities, cryptocurrency and the like. We provide education so they understand the mechanisms and the risks they must face,” said Anggito at the Innovation and Creativity Forum (GIK) at Universitas Gadjah Mada (UGM), Special Region of Yogyakarta, on Friday.

He warned that the heightened investment activity is accompanied by potential digital crimes targeting customers, particularly retail investors.

Consequently, the public has been urged to be more careful in protecting personal data when using financial services.

According to him, education is crucial for the public to understand investment mechanisms and the risks inherent in each financial instrument.

“Do not be lured by tempting offers. Do not share your OTP or password. Then be wary of scams, malware, and hackers,” said Anggito.

Anggito added that strengthening financial literacy and security is also supported through LPS research conducted with higher education institutions to understand customer behaviour and various risks in the financial sector.