During the pandemic, the growth of the capital market or investment sector developed very rapidly. According to the Indonesia Stock Exchange (IDX), the number of Indonesian capital market investors during the pandemic increased by 92.7 percent to 9.09 million investors in 2022. Of course, this cannot be separated from advances in technology that provide easy access to information and transactions.
However, despite the rapid growth of the capital market, it turns out that there are still many securities companies that have not realized how important cybersecurity is for business continuity. This is because information or data stored digitally can easily be manipulated or stolen by irresponsible persons and result in losses.
So, how important is cybersecurity for the continuity of a securities company’s business? In full, see the following article.
How is the Development of the Current Capital Market
The number of investors in the Indonesian capital market continues to show growth. Currently, the number has reached 9.09 million investors. This has become a driving force for securities companies to improve the share purchase application system to make it easier and faster. With just one click, as long as it is connected to an internet connection, customers can make transactions anywhere.
Despite technological advances in stock buying and selling transactions, it is important to realize that there is a potential for crime to occur. Several illegal actions can be carried out by manipulating financial information in order to make the greatest profit. This is referred to as electronic crime (cyber fraud). It is this electronic crime that can harm customers and securities companies in the circulation of share buying and selling transactions.
Why is Maintaining Cybersecurity Important for Securities Companies?
Quoting from TechTimes, cybercrime cases not only threaten data and information from securities companies, but also data from consumers. This data includes names, email addresses, telephone numbers, location of residence, to personal banking account data.
If this happens, of course it will lead to serious problems. The reason is, the company will be considered negligent because it allows consumer personal data to leak just like that and it is not impossible for the company to lose its reputation.
To increase your vigilance, identify the three phenomena of electronic crime in stock buying and selling transactions as follows.
1. Phishing Emails and MitM
Cyber attacks that often occur are data theft. Both users and companies are vulnerable to this attack. Cyber actors can easily trick users through a series of phishing emails and MitM (Man-in-the-Middle).
2. Malware, Ransomware and DDoS
Data theft can occur during stock buying and selling transactions through malware, ransomware, or DDoS attacks.
3. Hacking
Hacking involves data theft and buying and selling of shares using customer data by hacking electronic communication devices through the network.
So what is the solution to this problem? Securities companies can still take preventive steps with an end-to-end cyber security system such as the solution offered by Helios.
Cybersecurity Solutions from Helios for Securities Companies in Indonesia
Helios Informatika Nusantara as a Digital IT Solutions Provider provides solutions to maintain the security of securities company application systems with a series of network security, application security, user and end point security protection solutions as follows.
Cloudflare
Helios presents Cloudflare solutions for securities firms to prevent data theft from malware, ransomware or DDoS attack activities
- DDoS Protection
Cloudflare can automatically detect and mitigate Distributed Denial of Service (DDoS) attacks using Autonomous Edge. Thus, companies can mitigate threats to optimize and adapt protection to company needs.
- Malware Protection
To overcome malware problems, Cloudflare has a Web Application Firewall (WAF) solution. WAF helps protect applications by filtering and monitoring HTTP traffic between applications and the network. WAF usually protects applications from attacks such as CrossSite Forgery, Cross Site Scripting (XSS), File Inclusion Vulnerability, and SQL Injection.
- Ransomware Protection
Cloudflare One is a Zero Trust Network-as-a-Service (NaaS) platform. This solution combines security and network services for remote users, branch offices, applications and data centers.
The Zero Trust security model maintains strict access controls and does not trust any person or machine by default, even users and devices within the network perimeter can prevent potential ransomware attacks.
Darktrace Prevent
The Darktrace Prevent solution is powered by AI technology to help you provide a high-level picture of the most relevant and impactful attacks in real-time. In addition, this solution also presents key metric trends such as the types of risks and threats found, so you can quickly take more efficient preventive and mitigating actions on network systems.
Nutanix Hybrid Multicloud Management
The Nutanix Hybrid Multicloud Management solution with HCI as its foundation, presents a Single Cloud Management Dashboard platform that can unify all cloud operational management in one dashboard. This solution can provide ease of operation, automation, and availability of securities company application systems.
In addition, the Nutanix Hybrid Multicloud Management service gives you the flexibility to choose the right cloud resources to suit the needs of a high-traffic securities business.
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Helios as a Digital IT Solutions Provider for Capital Market Players in Indonesia
It’s time to upgrade your securities company cybersecurity with Helios’ Cloudflare, Darktrace Prevent, and NutanixHybrid MultiCloud Management solutions to maintain, optimize and customize protection according to your securities company’s needs.
Get these three solutions at Helios Informatika Nusantara (HIN). Helios as the authorized partner of Cloudflare, Darktrace Prevent, and Nutanix Hybrid MultiCloud Management in Indonesia will assist companies starting from the consultation, deployment, to after-sales support.
Helios certified and professional IT team will also help you avoid trial and error. Find out more about implementing other security technologies for securities companies by contacting us via WhatsApp Helios.
Penulis: Ary Adianto
Content Writer CTI Group
