OJK: Cyber Risk and AI Misuse Are Key Corporate Governance Challenges

The Financial Services Authority (OJK) has stated that cyber risk and the misuse of artificial intelligence (AI) are the main challenges to corporate governance amid increasing global risk complexity. This situation is pushing organisations to strengthen the implementation of governance, risk, and compliance (GRC) to adapt to accelerating changes. OJK Audit Board Chair Sophia Wattimena said various risks are now developing faster than organisations’ ability to anticipate them. Based on a survey of GRC practitioners, cyber risk and AI misuse are the primary concerns, followed by regulatory changes, geopolitical uncertainty, and climate change. “The results of a brief survey of GRC function practitioners show that cyber risk and AI misuse are the main concerns, alongside other risks such as regulatory changes, geopolitical uncertainty, and climate change,” Sophia said at the Risk Governance Summit (RGS) 2026 in Jakarta, Tuesday (14/7/2026). According to Sophia, data from the National Cyber and Crypto Agency (BSSN) also shows that anomalous transactions in the financial services sector remain high. This condition is an indicator of financial activities deviating from normal transaction patterns, thus requiring stronger supervision. “Looking at the data from BSSN, it shows that anomaly transactions are quite significant. And of course, this needs to be our common concern in an integrated and collaborative manner, supported by strong governance and accountability,” she said. The OJK continues to encourage improved understanding among industry players through the Risk Governance Summit, which has been held since 2013. This year, the number of participants increased by about 25 percent compared to last year, reaching more than 20,000 people. The forum, themed ‘Future Ready, Governance for Sustainable Growth and National Prosperity’, is expected to be a platform for sharing best practices in GRC implementation while providing input for regulators, academics, researchers, and industry players. “It is greatly hoped that the various ideas and insights born from this forum can be translated into concrete steps to strengthen governance, enhance accountability, and support the achievement of the Golden Indonesia 2045 vision,” Sophia said. On the same occasion, Deputy for Coordination of SOE Management and Business Development at the Coordinating Ministry for Economic Affairs Ferry Irawan said global uncertainty has now become the new normal, making good governance an important foundation for economic resilience. “We live amidst various uncertainties, which may no longer be temporary but have become the new normal. Geopolitical tensions, financial market volatility, and supply chain disruptions cause increasingly complex and interconnected risks,” Ferry said. Nevertheless, Ferry assessed that Indonesia’s economic fundamentals remain quite strong. This is reflected in Indonesia’s economic growth projection, which remains around 5 percent according to the International Monetary Fund (IMF) and 5.2 percent based on the Asian Development Bank (ADB) projection. In addition, the affirmation of Indonesia’s debt rating at BBB level with a stable outlook by S&P Global Ratings is considered to reflect international confidence in the national economic resilience. “Governance is not just a matter of compliance, but a foundation to strengthen institutional credibility, provide certainty for business actors and investors, and ultimately encourage sustainable economic growth,” Ferry said. He added that the government, together with the OJK, will continue to strengthen market integrity, encourage financial services sector reform, and improve governance quality to support digital transformation and the green economy.