With 361 million cyber-attacks in just the first 10 months of 2023, Indonesian policy makers are now racing to enhance the country’s cybersecurity laws. Following a prolonged trail of bureaucratic rivalry and overlapping mandates, Indonesia finally passed its first data protection law in September 2022.

While opportunities are abound for cybersecurity companies, it’s forecasted that the market size is projected to grow from $1.15 billion in 2023 to $3.39 billion by 2028. Indonesia’s primary guardian of the digital realm, Badan Siber dan Sandi Negara (BSSN) has even launched the Cyber Threat Intelligence Program (CTIP) in collaboration with a private technology giant to strengthen the country’s infrastructure security against cyber threats.

In the quest to reinforce its cyber walls, the world’s largest archipelago is now using every muscle as its regulatory body for the financial services industry (FSI), Otoritas Jasa Keuangan (OJK) has also jumped on the bandwagon and released a set of dedicated cybersecurity rules specifically for FSI.

To promote collaboration between the various sectors and provide a direct access to Indonesia’s cybersecurity market, Tradepass is hosting the 7th edition IndoSec on 24 – 25 September 2024 in Jakarta Convention Center,
Indonesia. The event will host 2000+ cybersecurity experts including the Heads of Information Security, Risk, Compliance, Forensics and Cyber Law from the leading public and private enterprises across the country.