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JAKARTA – Indonesia’s start-ups are struggling to compete against their cash-rich foreign rivals, with the nation’s two largest unicorns GoTo and Bukalapak seeing their valuations slide substantially in 2024. Investment in local start-ups has also slowed by about two-thirds, from around US$3.5 billion (S$4.8 billion) annually in 2020 and 2021, according to a November 2023 joint report by venture fund AC Ventures and management consultancy Bain & Company. This places more pressure on local companies to innovate, stop burning cash and become profitable, say analysts. GoTo, formed by the merger of ride-hailing firm Gojek and e-commerce giant Tokopedia in…
F5 and Telkom agreed to work together to provide comprehensive cybersecurity services to organizations in Indonesia Telkom Indonesia has signed a Memorandum of Understanding (MoU) with cybersecurity firm F5 with the main goal of collaborating on cybersecurity services and strengthen Telkom’s own security capabilities, the latter said in a release. Under the terms of the strategic collaboration, the Asian carrier and F5 agreed to work together to provide comprehensive cybersecurity services to organizations in Indonesia via Telkom’s B2B Digital IT Services arm. Telkom Indonesia’s strategic portfolio director Budi Setyawan Wijaya, said: “The need for cybersecurity in the future will increase…
(Bloomberg) — An official of Indonesia’s information technology ministry resigned as the government continues an audit of its data centers in the wake of the nation’s worst cyberattack.Semuel Abrijani Pangerapan, director-general for applications and information at the Communications and Information Technology Ministry, stepped down on Thursday, following last month’s massive hack that crippled government services from airports to scholarships. Pangerapan said he was “morally responsible.”The attack hit more than 280 agencies — most of whom saw their data wiped out. The hacker group that claimed responsibility has since unexpectedly apologized and released a key for unlocking the stolen data, even…
July 5, 2024Information hallNetwork security / DDoS attack French cloud computing firm OVHcloud said it mitigated a record distributed denial-of-service (DDoS) attack in April 2024 that reached a packet rate of 840 million packets per second (Mpps). This is slightly higher than the previous record of 809 million Mpps reported by Akamai as a major European bank in June 2020. The 840 Mpps DDoS attack is said to have been a combination of a TCP ACK flood originating from 5,000 source IP addresses and a DNS mapping attack using around 15,000 DNS servers to pump traffic. “Although the attack was…
A cyber attack in Indonesia that’s been called the worst in years exposed a critical mistake in the country’s information technology policy. Almost none of the data in one of the two data centers hit by the ransomware attack is backed up, meaning it cannot be restored other than by decrypting the affected servers’ storage systems.The attack happened on June 20, when a “non-state actor” compromised Indonesia’s Temporary National Data Center (PDNS) using a variant of the LockBit 3.0 malware called Brain Cipher. This software not only extracts sensitive data but also encrypts it on the servers. The attacker has…
TEMPO.CO, Jakarta – At the Green Economy Expo at the Jakarta Convention Center (JCC) on July 3, 2024, the Global Green Growth Institute (GGGI) Indonesia, the Ministry of National Development Planning (Bappenas), Bandung Polytechnic of Textile Technology (Politeknik STTT Bandung), and PT Daur Langkah Bersama, or Pable, signed an agreement to mark a partnership for a sustainable future in the textile industry.According to a press release received by Tempo, The partnership aims to support Indonesia’s textile sector in adopting a circular economy approach, a priority and ambition of Bappenas. In 2023, the textile industry employed 3.98 million people and, in…
Ransomware group Brain Cipher has announced that it will reveal its decrypt keys in the wake of a ransomware attack it conducted against Indonesia’s Temporary National Data Center (PDNS). German tech site Golem.de reported the news after the group posted the key, along with instructions on how to decrypt the data, on its website.“We hope that our attack made it clear to you how important it is to finance the industry and recruit qualified specialists,” the group said Monday. “Our attack did not carry a political context, only a pentest [penetration test] with post payment.”Brain Cipher even apologized to the…
he Personal Data Protection (PDP) Law enacted in 2022 was seen as a big step forward in protecting the digital rights of Indonesian citizens, amid the government’s efforts to boost the country’s digital economy and speed up digital transformation in the public sector.This legislation is also important for setting limits on how the government handles private data. There have been some bad examples in the past, like the breach of voter data ahead of the 2024 general election and the controversial use of the National Cybercrime Center system to monitor civil society groups without permission in 2021. However, the government’s…
July 5, 2024Hacker newsCyber Security / Personal Protection Identity theft isn’t just about stolen credit cards anymore. Today, cybercriminals use advanced tactics to infiltrate organizations and cause serious damage using compromised credentials. The stakes are high: ransomware attacks, lateral movement and devastating data breaches. Don’t be caught off guard. Join us for a groundbreaking webinar that will change the way you approach cybersecurity. Get insider knowledge on Identity Threat Detection and Response (ITDR)the latest technology designed to protect your identity like never before. In this packed session you will discover: Hidden vulnerabilities in your security: Learn why traditional solutions fall…
Indonesian boutique AVYA Law Firm has hired Dessy Tampi as a new partner to lead its Innovation & Technology Practice Group. Tampi brings over five years of legal experience, with expertise in public administration, bankruptcy, and intellectual property law. In her new role, Tampi will focus on the intersection of law and technology, covering areas such as data protection, artificial intelligence, blockchain, smart contracts, and non-fungible tokens (NFTs). She will also structure complex startup investment models and advise on strategic corporate actions for tech companies. Tampi’s prior employers include Indonesia’s Ministry of Law and Human Rights and law firm…