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by Fintech News Indonesia April 23, 2024 Indonesia’s financial technology landscape is experiencing explosive growth, fueled by the rise of mobile payments and digital banking. While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security. However, amidst these challenges, innovative solutions like SecIron are emerging as key players in safeguarding digital assets and ensuring a secure financial ecosystem. Indonesia’s rapid digital adoption makes it a prime target for cybercriminals. Reports…
Jakarta: A cyber attacker compromised Indonesia’s national data centre and asked for an $8 million ransom, the country’s communications minister was quoted by state news agency Antara as saying on Monday.The attack disrupted some government services, most notably at airports last week, though automated machines were now functional, the communications ministry said on Monday.Minister Budi Arie Setiadi said the attacker used a new variant of existing malicious software called Lockbit 3.0, without giving further details.The Lockbit cybercrime group is notorious for using malicious software called ransomware to digitally extort its victims.Ransom software works by encrypting victims’ data. Hackers can offer…
An Indonesian student flying a national flag runs in front of security officers blocking the way. (Photo by JOHN MACDOUGALL / AFP)Indonesia has just passed its historic first data protection law, but they’re not allaying cybersecurity concerns. If anything, observers in Southeast Asia’s largest economy are worried that the new legislation leaves critical loopholes, ripe for attack by opportunistic intruders.The new law, six years in the making, mainly revolves around the protection of personal user data, criminal charges for data breaches, as well as administrative sanctions for violators of various offences. Under the new ruling, both private and public sector…
Today’s kill chain escapes enterprises because they don’t protect the infrastructure of today’s business: SaaS. SaaS continues to dominate software adoption, and it accounts for the largest share of government cloud spending. But both enterprises and SMBs haven’t overhauled their security programs and adopted security tools built for SaaS. Security teams continue to jam on-premise patches to SaaS security holes The mature security controls that CISOs and their teams depended on during the era of premier dominance are gone. Firewalls now protect a small perimeter, visibility is limited, and even when SaaS vendors offer logs, security teams need homegrown middleware…
lon Musk’s Starlink satellite company has been granted business licences to operate in Indonesia, a senior communication and information ministry official said Thursday.Starlink’s network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled. Indonesia is a vast archipelago of more than 17,000 islands and Jakarta is seeking to connect millions more of its population who are not hooked up to reliable internet services. Usman Kansong, a senior official at the communication and information ministry, told AFP Starlink had been given approval to operate in Indonesia. “PT Starlink Service Indonesia…
Jakarta (ANTARA) – Law and Human Rights Minister Yasonna H. Laoly discussed bolstering bilateral cooperation between Indonesia and Australia during a meeting with Australia’s Minister for Home Affairs and Minister for Cyber Security Clare O’Neil.At the meeting in Jakarta on Tuesday, Laoly said that the working group meeting on immigration needs, which is regularly held with Australia, is running well.”Currently, Indonesia is accelerating the immigration process at airports through automatic checking. Apart from that, the exchange of information on border checking is also important,” he informed in a statement released by his ministry here on Wednesday.The minister also underscored the…
JAKARTA, Indonesia (AP) — Indonesia’s national data center has been compromised by a hacking group asking for a $8 million ransom that the government won’t pay, authorities said Monday.The cyberattack has disrupted services of more than 200 government agencies at both the national and regional levels since June 20, said Samuel Abrijani Pangerapan, the director general of informatics applications with the Communications and Informatics Ministry.Some government services have returned — immigration services at airports and elsewhere are now functional — but efforts continue at restoring other services such as investment licensing, Pangerapan told reporters.The attackers have held data hostage and…
This post was written by Dinita Putri, Project Manager, Open Data Lab Jakarta. Indonesia is one of the countries in Asia with an inadequate legal framework on personal data protection despite the fact that nearly 65% of Indonesians are online. Research conducted by the Open Data Lab Jakarta examines the existing personal data protection legal framework in Indonesia, identifies the challenges in providing a comprehensive legal framework, and explores the strategies of government, the business sector, as well as of civil society to comply with the regulations.The research explored the implementation of the existing law and the challenges and opportunities…
Another data theft re-occured in Indonesia lately and it became a hot conversation across social media platforms. One netizen with Twitter username @ridu reported that his credit card application was rejected as his credit rating appeared in the worst category (KOL 5) on SLIK, Indonesian’s centralized Financial Information Service System owned by OJK (Indonesia’s Financial Service Authority). Here’s what @ridu said on his twitter. “Shocked to see my credit score in SLIK from OJK is rated 5, means bad debt and all of the debts are from PT Caturnusa Sejahtera Finance, @traveloka paylater partner, whereas I don’t have any Pay…
June 28, 2024Information hallMalware / cryptocurrency Security researchers have shed more light on the cryptocurrency mining operation he ran 8220 gang exploiting known security flaws in Oracle WebLogic Server. “The threat actor uses fileless execution techniques using DLL mapping and process injection, allowing the malware code to run exclusively in memory and avoid disk-based detection mechanisms,” Trend Micro researchers Ahmed Mohammed Ibrahim, Shubham Singh and Sunil Bharti said in a new analysis published today. A cyber security firm is tracking a financially motivated actor known as Water Sigbin use a weapon of vulnerability in Oracle WebLogic Server, for example CVE-2017-3506,…