CIMB Finance Strengthens Cybersecurity Measures

Three-Pillar Strategy Against Growing Cyber Threats

PT CIMB Niaga Auto Finance (CNAF) has implemented a comprehensive cybersecurity strategy to address the increasing digital threats facing the multifinance industry. According to Ristiawan Suherman, President Director of CNAF, the company is focusing on three main pillars: prevention, early detection, and incident response. This strategic approach aims to create a robust defense against potential cyber attacks that could compromise the company's operations and customer data.

Enhancing Digital Capabilities and Operational Efficiency

In addition to strengthening cybersecurity, CNAF is committed to modernizing its digital platforms and improving operational efficiency. The company has increased its capital expenditure for IT development this year, demonstrating its dedication to enhancing its technological capabilities. This investment is expected to support sustainable business growth while maintaining high-quality customer service. The focus on digital transformation is part of CNAF's broader strategy to remain competitive in a rapidly evolving financial services landscape.

Industry-Wide Cybersecurity Concerns

The Indonesian Financing Companies Association (APPI) has highlighted that all industries remain vulnerable to cyber attacks, regardless of their current security measures. Suwandi Wiratno, Chairman of APPI, emphasized the importance of maintaining robust cybersecurity infrastructure and being prepared for potential threats. He noted that even with strong security systems in place, companies must remain vigilant and have recovery plans in place should an attack occur.

Strategic Priorities for Financial Services Companies

CNAF's approach reflects a growing trend among financial services companies to prioritize cybersecurity and digital transformation. By strengthening its cybersecurity framework and investing in technology, CNAF aims to protect its operations and customer data while driving business growth through improved digital capabilities. This strategic focus is likely to become increasingly important as the financial services sector continues to evolve in response to technological advancements and emerging threats.