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Cybersecurity Guidelines for Digital Financial Asset Trading Providers in Indonesia
custodial system being used, modifying the smart contract logic and disguising the true nature of the transaction. As a result, what appeared to be a legitimate transaction to the Exchange’s security team actually diverted funds to a wallet controlled by the hacker. Based on the incidents described above, Providers need to have clear guidelines for implementing effective and efficient cybersecurity measures. This guideline provides a risk management framework to help create a balanced ecosystem between innovation development, cyber resilience, and consumer protection. To achieve this, several key actions must be taken. First, Providers must implement the cybersecurity guideline. Second, ensure that cybersecurity practices are integrated and not overlooked during innovation development. Third, it is important to continuously follow technological advancements and update this guideline so it remains beneficial for consumers and the digital financial ecosystem in Indonesia.
1.2 Objective
The rapid growth of Crypto Asset adoption in Indonesia has made crypto asset trading a vital component of the country’s digital financial ecosystem. As the regulatory authority overseeing financial services, OJK recognizes the importance of maintaining a secure and trustworthy environment, including for crypto asset transactions. This guideline outlines cybersecurity measures specifically designed for Providers operating in Indonesia.
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