Case Study
Ensuring Compliance with OJK and BI: Enhancing Information Security and Regulatory Standards for a Leading Indonesian Government Bank
One of Indonesia's largest government banks sought to align its operations with the stringent regulatory requirements set by both Peraturan Otoritas Jasa Keuangan (OJK) and Peraturan Bank Indonesia (PBI). As a key player in the country’s financial system, the bank manages a vast amount of sensitive financial data and is subject to increased regulatory oversight. To ensure full compliance and strengthen its cybersecurity posture, the bank partnered with Proteksi Siber Global for a comprehensive compliance initiative.
What Was the Challenge?
As a government bank handling millions of transactions daily, the institution faced a complex regulatory environment with a high level of scrutiny from OJK and PBI. The bank was required to adhere to strict regulations regarding data protection, risk management, and cybersecurity controls. Given the bank’s size, scope of operations, and reliance on digital banking systems, ensuring compliance with both OJK and PBI regulations across all branches and digital platforms was a significant challenge.
The bank also needed to modernize its cybersecurity measures in the face of evolving cyber threats, ensuring that its infrastructure and customer data remained protected without disrupting its financial services or compliance with national regulations.
How Did Proteksi Siber Global Assist the Client in Preparing for ISO 27001:2022 Certification?
- Comprehensive Assessment: We conducted a detailed analysis to identify gaps and prioritize areas for improvement.
- Risk Management and Governance: We helped establish a robust risk management framework and improved governance structures.
- Enhanced Data Protection: We implemented advanced security measures to safeguard sensitive customer data.
- Incident Response: We developed a comprehensive incident response plan to address cyber threats effectively.
- Internal Audits and Monitoring: We established a continuous audit program to ensure ongoing compliance.
- Employee Training: We provided targeted training to enhance employee awareness and understanding of security best practices.
- Documentation and Reporting: We assisted in preparing necessary documentation and streamlining regulatory reporting processes.
What Were the Benefits of OJK and BI Compliance for the Bank?
The government bank saw several key benefits from achieving compliance with OJK and PBI regulations:
- Regulatory Compliance: The bank successfully achieved compliance with OJK and PBI regulations, reducing the risk of fines and penalties.
- Enhanced Security: Improved data protection measures and incident response capabilities strengthened the bank’s overall security posture.
- Improved Reputation: Compliance with regulations boosted the bank’s reputation as a reliable and trustworthy financial institution.