January 11, 2023
The Financial Services Authority (OJK), Indonesia’s financial regulator, has issued banks with a new cybersecurity framework outlining requirements for risk assessments as well as guidelines for incident reporting and risk management amid increasing attacks on the country’s financial system.
In this article for Global Banking Regulation Review, Managing Director Simon Onyons comments on the challenges Indonesian banks will face after the Financial Services Authority (OJK) issued a new set of cybersecurity regulations.