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Indonesia Ranks Among Top 3 Globally in Cyberattacks Targeting Financial Institutions
By VELSICURO
28 May 2025
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Indonesia Ranks Among Top 3 Globally in Cyberattacks Targeting Financial Institutions

A recent report released by SOCRadar in May 2025 highlights that the global financial sector continues to be the primary target of cyberattacks, particularly ransomware. These attacks not only disrupt operations but also pose serious threats to the confidentiality and integrity of financial data.

According to the data presented, Indonesia ranks third globally in the number of ransomware incidents, accounting for 5.8% of all recorded attacks. This places the country just behind the United States (60.47%) and the United Kingdom (10.5%). India and the United Arab Emirates follow in fourth and fifth positions with 4.7% and 2.3% respectively.

These statistics indicate that Indonesia is becoming increasingly vulnerable to cyber threats, especially as digital banking services and online financial platforms become the backbone of institutional operations.


Ransomware Dominance and the Exploitation of Financial Data

Ransomware remains the most damaging type of attack within the financial sector. The report identifies LockBit 3.0 as the leading ransomware group, responsible for 23.81% of ransomware activity. However, over 63% of attacks now originate from smaller, less traceable groups, creating a more complex and unpredictable threat landscape.

Another alarming issue is the increase in financial data being traded on the dark web. Around 67.94% of all listings on the digital black market involve stolen financial information, including nearly 3 million account credentials and more than 90,000 credit card records. This confirms that financial data has become one of the most valuable commodities in the growing cybercrime ecosystem.


Security Gaps in Emerging Regions

Beyond the countries listed in SOCRadar’s findings, regions such as South Asia and Latin America are also becoming prime targets. This is largely due to the rapid adoption of digital banking technologies without the necessary reinforcement of cybersecurity infrastructure—creating opportunities for cybercriminals to exploit system vulnerabilities.

Phishing schemes also remain a popular tactic among threat actors. These schemes often involve fake websites and deepfake technology to impersonate legitimate financial institutions and steal sensitive user data. Moreover, 12.65% of dark web listings involve the sale of unauthorized access to financial networks, which can potentially enable large-scale sabotage.


The Urgency of Cybersecurity Training and Prevention Strategies

This data serves as a wake-up call for stakeholders in the financial industry to prioritize cybersecurity. The potential impact goes beyond financial loss—compromised security can significantly damage institutional reputation and public trust.

To address these challenges, hands-on training programs such as those provided by VELSICURO-CYBER RANGES™ offer a strategic solution.

Programs like "NETWORK SECURITY MONITORING," "RANSOMWARE RAMPAGE," and "PHISHING COUNTERMEASURES" are designed to strengthen participants’ technical understanding and practical skills in mitigating various cyber threats, especially those targeting the financial sector.


Upcoming Training Opportunity

An upcoming cybersecurity training opportunity is available for direct simulation and hands-on learning with industry experts.

The "CYBERSECURITY MATURITY PLANNING" training by LPPI Powered by VELSICURO-CYBER RANGES™ and NARAPATIH will take place on June 3–4, 2025, at Kampus Bumi, LPPI. Led by Andang Nugroho, CISSP, CCSP, Head Trainer at CYBER-RANGES™, participants will gain in-depth insights into cybersecurity maturity strategies directly from a certified expert.

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