OJK urges financial industry to strengthen digital transaction security
The Head of the Consumer Legal Defence Directorate of the Financial Services Authority (OJK), Tri Herdianto, has urged financial sector players to increase their readiness in strengthening digital transaction security.
“The industry’s readiness in strengthening digital transaction security is currently crucial. We must understand that fraud resilience is no longer merely a technical or technological issue, but a main pillar in maintaining public trust and ensuring business sustainability in the financial services sector,” Tri stated during a joint briefing with the Indonesian Fintech Association (AFTECH) in Jakarta on Thursday.
Bank Indonesia recorded that digital payment transactions reached 14.82 billion in the first quarter of 2026, an increase of 37.69 per cent from the same period last year. Amidst this rapid growth, cybercrime threats are also rising. Fraudsters are now utilising Artificial Intelligence (AI) to carry out more sophisticated and difficult-to-detect attacks.
Meanwhile, the National Cyber and Crypto Agency (BSSN) noted that throughout 2025, there were 5.2 billion internet traffic instances that potentially served as pathways for cyberattacks, 94 per cent of which were high-risk malware capable of transforming into ransomware attacks.
“In this regard, collaboration from all stakeholders in the digital financial sector is required, because consumer protection and fraud resilience are a shared responsibility in maintaining public trust in the financial services sector,” Tri added.
Budi Gandasoebrata, Vice Chairman II of AFTECH, added that security, infrastructure resilience, and risk management are the primary foundations for building a healthy and sustainable payment system. “The industry is no longer only required to grow quickly but must also grow resiliently. In this context, Fraud Detection Systems (FDS) are no longer just supporting features, but crucial infrastructure for the digital financial industry,” said Budi.
Similarly, PT Jalin Pembayaran Nusantara (Jalin), a national digital enabler and part of the Danareksa State-Owned Enterprise Holding, emphasised the importance of a collective response to evolving threats. The President Director of Jalin, Ario Tejo Bayu Aji, stated that the threat landscape currently facing digital payment platforms demands a collective security approach through the strengthening of shared services and infrastructure in the field of fraud management.
“This model also provides space for industry players to remain focused on developing their core businesses, while their security foundation is managed more professionally and coordinately,” he said.