As global industries are starting to expand their footprint in Indonesia, the country’s digital realm is getting a rampant upgrade. While a booming IT industry, e-commerce, financial innovations are just the tip of the iceberg, the country’s 212.9 million internet users are sure to become a mammoth customer base for myriad digital industries.

It goes without saying that for sustaining the growth of these industries, the archipelago will need a comprehensive information security strategy without which the businesses will be left vulnerable for the cyber criminals to exploit.  

Therefore, let’s look at why Indonesia should immediately think about integrating a robust information security strategy.

1. Unprecedented spike in cyber threats

Indonesia has suffered a mind-boggling increase in cybercrime over the last few years. So much so that the number of cyber-attacks reached 361 million in just the first 10 months of 2023. While cyber threats come in many different forms, phishing attacks, malware infections, and unauthorized access to sensitive data, are at the top of the charts. With the public & private sectors now transitioning to digital platforms, threats are expected to increase a lot more than before. A comprehensive information security strategy is not just paramount to mitigate these risks but also to ensure that brand reputation stays intact in the eyes of the customers.

2. Skyrocketing digital economy

When it comes to ASEAN, Indonesia tops the list in digital economy which is forecasted to add $133 billion to its GDP by 2025. While online platforms and services are proliferating, the country is becoming the leading target for cyber-attacks.  

Safeguarding the country’s digital economy calls for a robust information security strategy that should cover personal data protection, secure transactions, and all other forms of mundane digital activities. Without strict information security protocols, the country is at the risk of eroding the very basis of its growing digital economy.

3. Data Matters

The launch of Indonesia’s Personal Data Protection Act (PDPA) in 2022 was a landmark moment as it showed great promise and marked the first substantial step towards securing citizens’ personal information.

The ground reality is that this law requires organisations to strictly adhere to stringent data security measures and this is where a strong information security strategy can help companies to comply with all the legal requirements.

Ignoring the above can lead to hefty penalties and tarnish the image of the brand.

4. Safeguarding critical infrastructure

Indonesia’s reliance on digital mediums has reached new heights as various domains including energy, transportation and financial services are digitizing their operations and services. It’s needless to say that any cyber attacks on these sectors can adversely impact the security of the nation. A comprehensive information security strategy can serve as a protective shield against local and global threats and ensure business continuity for all the sectors.

5. Attracting capital

In today’s world, where everything is connected through digital platforms, the importance of cybersecurity has become paramount. It is also one of the determining factors that is responsible for attracting investors from around the world. A nation with a firm cybersecurity posture is sure to receive the trust of the investors and therefore more likely to witness global partnerships and receive industry-boosting capitals. 

A robust information security strategy is sure to strengthen Indonesia’s position at the global front and further help the nation in meeting international standards.

Conclusion In pursuit of becoming a global formidable player in the digital realm, the importance of a comprehensive information security strategy cannot be ignored. Whether its shielding sensitive data or safeguarding critical infrastructure, firm cybersecurity measures is a must for Indonesia’s bright future. By prioritizing information security, Indonesia not only can protect its digital economy but also build a secure and prosperous future for its citizens.