{"id":5090,"date":"2023-05-15T07:30:17","date_gmt":"2023-05-15T00:30:17","guid":{"rendered":"http:\/\/ligaasuransi.com\/?p=5090"},"modified":"2023-05-15T09:46:28","modified_gmt":"2023-05-15T02:46:28","slug":"layanan-mobil-banking-dan-atm-bsi-terganggu-akibat-cyber-attack","status":"publish","type":"post","link":"https:\/\/ligaasuransi.com\/en\/layanan-mobil-banking-dan-atm-bsi-terganggu-akibat-cyber-attack\/","title":{"rendered":"BSI Customers Affected By System Outage Due To Suspected Cyber Attack"},"content":{"rendered":"

Liga Asuransi<\/a> – Dear readers, how are you? I hope your business is running well as planned.<\/span><\/p>\n

As a senior insurance broker, I tell our clients, \u201cAccidents can happen anywhere, anytime, and to anyone.\u201d And that is true. It started showing up in a recent Cyber risk accident in Indonesia. Cyber risks are the most significant threats to business in the future.\u00a0<\/span><\/p>\n

If you are interested in this article, please share it with your friends so they can understand as you do.<\/span><\/p>\n

On Monday, 8 May 2023, it was reported by social media that a state-owned bank PT Bank Syariah Indonesia Tbk (BRIS) or BSI’s mobile banking and ATM networks experienced disruptions that have yet to recover fully. The Minister of State-Owned Enterprises (SOEs), Erick Thohir, stated that the disruption was caused by a cyberattack that attacked Indonesia’s largest Islamic bank.<\/span><\/p>\n

Erick explained that BSI was repairing the system, but it was accompanied by a cyber-attack that broke it for almost a day. Although he did not know the details of the attack, Erick continued to monitor the development of BSI system disruptions, as well as BSI President Director Hery Gunardi.<\/span><\/p>\n

According to Erick, three days before the disruption occurred, he had just met with Hery Gunardi to discuss the bank’s IT system. However, the disorder occurs suddenly.<\/span><\/p>\n

Erick and Hery Gunardi continue to monitor this problem to ensure the BSI system returns to normal. This incident shows the importance of cybersecurity protection in the banking system in Indonesia and the need for measures to prevent similar attacks in the future.<\/span><\/p>\n

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THE ROLES OF CYBER SECURITY AND CYBER INSURANCE\u00a0<\/b><\/p>\n

The recent incident involving the disruption of the Bank Syariah Indonesia (BSI) banking system highlights the importance of cyber security and insurance. Cybersecurity is critical in the banking industry as financial institutions are vulnerable to cyber threats such as phishing, malware, and ransomware attacks. Such threats can lead to financial loss, reputational damage, and regulatory fines.<\/span><\/p>\n

In this regard, robust cybersecurity measures are necessary to protect sensitive financial data and ensure the continuity of banking operations.\u00a0<\/span><\/p>\n

Cyber insurance<\/a> is also essential in mitigating the economic impact of cyber threats. Cyber insurance covers cyber-attack losses, including business interruption, data breaches, and liability claims.<\/span><\/p>\n

Cyber insurance can provide financial protection for financial institutions, allowing them to respond to and recover from cyber-attacks more efficiently. It can also incentivize companies to invest in cybersecurity measures, as insurance companies often require specific security protocols to be in place before providing coverage.<\/span><\/p>\n

Cyber security and cyber insurance are essential components in the banking industry, where protecting financial data and ensuring the continuity of banking operations is critical. Implementing robust cybersecurity measures and having cyber insurance in place can help financial institutions prevent, mitigate and respond to cyber threats, ultimately safeguarding their customers’ interests and reputations.<\/span><\/p>\n

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WHAT ARE THE POSSIBLE CAUSES OF THE DISRUPTION?<\/b><\/p>\n

What type of cyber-attack disrupted the Bank Syariah Indonesia (BSI) banking system is still unclear. However, cyber-attacks can take various forms, including:<\/span><\/p>\n