Indonesia's Financial Authority Drafts Cybersecurity Rules for Online Lenders

Indonesia's Financial Services Authority (OJK) is proactively addressing the growing threat of cyberattacks in the digital finance sector by developing new cybersecurity guidelines for the online lending industry. Agusman, Head of the Supervisory Executive for Financing Institutions, Capital Ventures, and Other Financial Institutions at OJK, stated that the guidelines will serve as a crucial reference for companies to conduct regular cyber risk assessments and enhance their security capabilities. He emphasized that cyber risks are a primary concern, especially as the entire business process in this industry operates on digital platforms. The move is particularly timely, as the online lending sector has seen substantial growth, with outstanding financing reaching Rp105.14 trillion as of June 2026, while maintaining a non-performing loan ratio of 4.26 percent. The OJK aims for these new regulations to foster a healthier and more trustworthy online lending environment.