Investor Presentaiton
Digital Transformation
Widening digitalisation requires good governance to combat
threats and instil trust
The number of cyberattacks in Indonesia almost
doubled from 2019 to 2020
CYBERATTACKS (M)
500
400
300
200
100
2018
2019
2020
Most commonly detected threats in Indonesia, 2019
Crypto-mining
Draft Law on Cybersecurity and Resilience
·
·
Legislation first proposed in 2019 and still under parliamentary deliberation,
alongside the Personal Data Protection Bill, as of the fourth quarter of 2021.
Proposed provisions:
It will be illegal to collect consumer data without permission
Requires businesses to alert customers within days of knowledge of a
security breach
Includes fines of up to Rp210bn for non-compliant businesses, and up to
seven years in prison for individuals
There is hope that the new legislation will improve consumer trust and
therefore encourage adoption of digital technologies.
Indonesian companies were more likely to increase cybersecurity
spending than regional peers in 2019-20*
Increase
Decrease Remain the same
PHILIPPINES
THAILAND
Mobile banking
trojans
SINGAPORE
INDONESIA
0
20
40
60
80
100
RELATIVE CHANGE IN COMPANY CYBERSECURITY BUDGETS
(% OF SURVEY RESPONDENTS)
Mobile
ransomware
→> Key opportunities to increase consumer trust
Mitigating threats
The rapid developments of
digitalisation comes hand in hand
with threats to digital security: this
was clear in 2020, when the
unprecedented pace of digital
expansion saw the number of
cyberattacks in Indonesia almost
double. The theft of personal
information, including banking details,
from smartphones is among the most
prevalent cybersecurity threats in the
country. Even prior to the pandemic,
Indonesia's public and private
sectors had committed to improving
cybersecurity to build trust in digital
services: over 80% of Indonesian
companies surveyed in February
2020 had increased cybersecurity
spending over the previous year, while
the public sector planned to issue
cybersecurity legislation in 2021.
PwC
OBG ESG Report
O
OXFORD
BUSINESS
GROUP
*survey conducted by Palo Alto Networks in February 2020 across small, medium and large companies active in
a variety of dijferent industry sectors (400 respondents, 17% C-suite and 83% ICT)
Sources: Indonesia's National Cyber and Crypto Agency (BSSN); Palo Alto Networks
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