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  • Cybersecurity and Privacy Outlook 2023 in Indonesia: Governance and Technical Mitigation & Legal Risk

Cybersecurity and Privacy Outlook 2023 in Indonesia: Governance and Technical Mitigation & Legal Risk

21 December 2022

Recently, the Indonesian government has been actively promoting digital transformation to accelerate economic recovery. This is also the main agenda raised at the G20 Summit which was held in Bali last month. Indonesia as the G20 Presidency, responds that the digital economy is the key to the future, as a pillar of economic resilience and contributes 15.5% of global GDP. By increasing the involvement of technology in various economic sectors, Indonesia hopes to increase productivity, efficiency and open new job opportunities.

Through the digital economy and digital transformation, the Indonesian economy will be opened to greater potential for economic growth, especially in sectors such as finance, manufacturing and services. However, with the rise of the digital economy, cybersecurity risks have also increased. In recent years, cybersecurity has not only become a rapidly growing threat, but has become an increasingly important consideration for almost every company and government (ministry/institution/agency) in Indonesia.

President Jokowi views that data leakage due to cybercrime has the potential to cause economic losses of up to US$5 trillion in 2024, so this needs to be mitigated through digital security and privacy protection. One of the things that became the core of the G20 discussion was how stakeholders could be able to build trust in the digital sector, including through global digital governance (global data governance). This also encourages the government to legalise the legal basis to provide security for personal data which is a human right through Law no. 27/2022 concerning Protection of Personal Data (UU PDP) on 17 October 2022.

In relation to these government efforts and strategies, BDO in Indonesia has organised a Cybersecurity and Privacy Outlook 2023 webinar with the theme "Governance and Technical Mitigation & Legal Risk" which presented expert in the field of cybersecurity and law, including Novel Ariyadi, Director, Data Privacy & Protection, BDO - Advisory, Eman Achmad, Managing Partner, BDO Legal, and Danrivanto Budhijanto, Associate Professor in Cyber Law Scholar, Padjadjaran University.

This webinar, which was attended by executives from various companies in Indonesia at various scales, discussed various matters regarding legal aspects related to cybersecurity and related risks, as well as tips for organisations to implement processes, standards and control mechanisms to identify , managing, and mitigating legal risks in the tech and cyber space. In this webinar, a panel discussion was also held which discussed in more detail various examples of the implementation of legal protection for global digital governance in companies in various countries, such as for example Singapore.