OJK urges financial industry to improve digital transaction security
Speaking at a joint briefing with the Indonesian Fintech Association (AFTECH) in Jakarta on Thursday, OJK’s Head of the Consumer Legal Advocacy Directorate Tri Herdianto emphasized that cybersecurity is no longer just a backend IT concern.
“Industry readiness in strengthening digital transaction security is now crucial. We must understand that fraud resilience is no longer just a technical or technological issue, but a key pillar in maintaining public trust and ensuring business sustainability in the financial services sector,” he remarked.
The urgency comes following an explosive growth in digital commerce. According to Bank Indonesia, digital payment transactions surged by 37.69 percent year-on-year, reaching a staggering 14.82 billion transactions in the first quarter of 2026 alone.
However, this digital boom has created a massive attack surface for cybercriminals. OJK warns that fraudsters are increasingly leveraging artificial intelligence (AI) to execute highly sophisticated, difficult-to-detect attacks.
Data from the National Cyber and Crypto Agency (BSSN) revealed that in 2025, Indonesia logged 5.2 billion internet traffic streams with potential cyberattack vulnerabilities. Alarmingly, 94 percent of those threats involved malware carrying a high risk of mutating into devastating ransomware attacks.
“Collaboration among all stakeholders in the digital financial sector is needed (to address this issue) because consumer protection and resilience against fraud are shared responsibilities in maintaining public trust in the financial services sector,” Tri emphasized.
In response to the escalating threats, industry leaders are advocating for a shift from pure growth to systemic resilience.
Indonesia Fintech Association (AFTECH) deputy chairman II Budi Gandasoebrata emphasized that security, infrastructure resilience and risk management are the main foundations for building a healthy and sustainable payment system.
“The industry is no longer only required to grow rapidly but also to grow resiliently. In this context, the Fraud Detection System (FDS) is no longer just a supporting feature, but a crucial infrastructure for the digital financial industry,” Budi stated.
Echoing similar sentiment, PT Jalin Pembayaran Nusantara (Jalin), as a national digital enabler under the Danareksa SOE Holding, is pushing for a unified, collaborative defense model.
President Director of PT Jalin Ario Tejo Bayu Aji advocated for a shared-services approach to fraud management. He argued that pooling security infrastructure allows individual companies to defend against advanced threats without exhausting their own resources.
“This model provides space for industry players to remain focused on developing their core businesses, while managing their security foundations in a more professional and coordinated manner,” Aji said.
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Translator: Arnidhya Nur Zhafira, Yashinta Difa