On the other hand, Visa’s Director of Payment Ecosystem Risk and Control, Lim Kah Wee, warned of the dangers of cyber attacks on the business sector in the future. Especially for business people in the MSME class, which are now widely scattered in Indonesia.
Lim stated that current cyber crime cases are very progressive, creating business losses of trillions of rupiah. Cybercriminals are now highly organized as business entities.
“Today’s (cyber) criminals are like businesses. They have one goal, namely making money. They have a CEO, COO, CEO, whatever it is to make money as quickly as possible,” he said at the Indonesia Knowledge Forum (IKF) XIII-2024 which was held BCA Bank at The Ritz Carlton Pacific Place, Jakarta, Tuesday (12/11/2024).
According to his estimates, losses due to cyber crime globally will reach USD 10.5 trillion, or the equivalent of 164.75 quadrillion in 2025. This figure has jumped from total losses in 2022 of USD 7 trillion, and USD 2 trillion in 2019.
This amount will take up a large portion of the total global gross domestic product (GDP), which in 2025 is estimated to be around USD 115 trillion.