In 2022, the midst of a projected increase in the digital economy and finance, there are lots of news related to cyber security threats that have the potential for a big risk to the digital banking business in the next few years. According to the data from the International Monetary Fund (IMF) in 2020, the estimated total annual average loss experienced by the global financial services sector caused by cyberattacks is $100 billion US dollars or more than 1.433 trillion rupiah. Director of Research, Department of Banking Research and Regulation of the Otoritas Jasa Keuangan (OJK), Mohamad Miftah stated, the financial or banking industry became the first rank sectors or gets the most cyberattacks.
- DDOS, is an attack which carried out with the aim of crippling system services.
- Market Abuse, is the potential for abuse of the current market during the pandemic by exploiting the vulnerability of an application.
- Pharming, the activities carried out are redirects from URLs or IP addresses to valid websites and then redirected to fake websites. Pharming usually occurs by modifying the local hosts file on the system or by Poisoning or DNS spoofing.
- Data Harvesting Malware, some malware infiltrates by utilizing the latest information such as COVID-19 as an attraction for network compromise, data theft, money diversion and building botnets.
- Fraud, is a crime committed on a computer-based system or internet network.
- Phishing Attack, this attack utilizes information, behavior and online behavior to carry out a phishing attack.
- Data Leakage and Theft, the potential for sensitive data leakage usually occurs when working from home without supervision.
- Online Fraud, due to economic decline and business shifts, things like this cause fraudulent activities by taking advantage of all opportunities and various ways that can be done online.
Currently, the development of information Technology and Communication growing very fast, the cyber security aspect will always be an issue or problem that will be faced by all countries, including Indonesia. To minimize cyberattacks, Indonesia must be anticipatory. Besides education and literacy of financial service users, the contribution of the Badan Siber dan Sandi Negara (BSSN) is highly expected to be able to minimize cyber risks and threats, as the front line to come up with program designs and various recommendations on the effectiveness of national cyber security.