BFI Finance Strengthens Cybersecurity with Rp 300 Billion Investment

Strategic Allocation for IT Development

PT BFI Finance Indonesia Tbk (BFIN), known as BFI Finance, has made a significant investment in enhancing its cybersecurity measures by allocating Rp 300 billion for both Capital Expenditure (Capex) and Operational Expenditure (Opex) related to Information Technology (IT) systems. According to Sudjono, the company's Finance Director, this substantial budget is not solely dedicated to security measures but will also be utilized for broader system development and technological advancements.

Comprehensive Approach to Technology Investment

The allocated funds will be distributed across various aspects of IT development, including but not limited to security enhancements. Sudjono emphasized that the budget will support multiple facets of their technology infrastructure, stating, "We're budgeting around Rp 300 billion for both Capex and Opex related to information technology for system development, including security and other related aspects. It's not just for security alone." This comprehensive approach underscores BFI Finance's commitment to not only strengthening their cybersecurity posture but also modernizing their overall IT capabilities.

Significance in Current Digital Landscape

In today's rapidly evolving digital environment, where cyber threats are becoming increasingly sophisticated, BFI Finance's proactive stance on cybersecurity is particularly noteworthy. The company's decision to allocate substantial resources towards this area reflects a growing recognition of the importance of robust cybersecurity measures in maintaining customer trust and protecting sensitive financial information.

Business Impact and Future Prospects

This strategic investment is expected to enhance BFI Finance's operational resilience and potentially improve its competitive standing in the financial services sector. By strengthening its IT infrastructure and cybersecurity framework, the company is better positioned to support its business growth objectives while mitigating the risks associated with digital operations.