The estimated cost of cybercrime in the cybersecurity market in Indonesia was modeled to amount to ************ U.S. dollars in 2024. Following a continuous upward trend, the estimated cost of cybercrime has risen by ************ U.S. dollars since 2016. Between 2024 and 2030, the estimated cost of cybercrime will rise by ************ U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Cybersecurity.

In 2022, the revenue of the cybersecurity industry in Indonesia amounted to approximately 1.83 billion U.S. dollars, an increase compared to the previous year. Statista Digital Market Insights estimated that the revenue of cybersecurity market in the country will continue to increase and reach more than 3.5 billion U.S. dollars by 2028.

The datasets present the list and summary of 26 Indonesian cybercrime verdicts under Electronic Information and Transaction Act, as of 15 June 2016. The summary contains: (1) case number; (2) indictment; (3) evidence; (4) evidential materials. The evidence only restricted on witness and expert. The indictment refers to EITA, Indonesian Criminal Law, or other Act. The evidence part emphasizes on witness and expert. It describes how many witnesses and experts that a team of prosecutor presented in a cybercrime case, and how many of them that defendant presented. The evidential material underscores those that could produce electronic evidence.

In 2023, the highest traffic anomalies related to cyber attacks in Indonesia was recorded in August, at approximately ***** million anomalies. Traffic anomaly detection is used to identify unusual traffics associated with cyber attacks. More than *** million traffic anomalies associated with cyber attacks were detected throughout 2023 in Indonesia.

The dataset presents a summary of Indonesian cybercrime cases from 123 district court verdicts; 18 high court verdicts; and 16 Supreme Court verdicts. All the verdicts contain at least one indictment from Act 11/2008 concerning Electronic Information and Transaction as amended by Act 19/2016 (EITA). The verdicts were collected from the website of Indonesian Supreme Court website as of 15 June 2016 until 1 February 2018. The dataset is part of my dissertation: Issues of Cross-Border Access to Electronic Evidence: Improving Indonesian Practice in Investigating Cybercrime

In 2023, cybercrime was the leading type of cybersecurity-related complaint in Indonesia, with an ** percent share. The number of cybersecurity-related complaints in Indonesia totaled ***** throughout 2023, which peaked in July 2023 with *** complaints. Indonesia had a score of ***** on the National Cybersecurity index as of July 2023, coming in at 8th place after the Philippines in the Asia-Pacific region.

As of December 2023, Indonesia recorded around ***** of phishing attacks, an increase compared to the previous month. From the first quarter to the fourth quarter of 2023, the highest number of phishing attacks happened in February, amounted to around more than ** thousand cases.

The dataset presents a summary of 51 decisions of the Indonesian Constitutional Court concerning judicial review of the Indonesian Criminal Procedure Law (KUHAP) from 2006 to 2018. It contains the case number; applicants; articles of the KUHAP that the Court reviewed; and the verdicts of the Court and its main consideration. The decisions were collected from the website of the Indonesian Constitutional Court as of 15 June 2016 until 11 March 2018. The dataset is part of my dissertation: Issues of Cross-Border Access to Electronic Evidence: Improving Indonesian Practice in Investigating Cybercrime.

In the first half of 2023, wireless telecommunication carriers in Indonesia was the sector severely attacked by DDoS, with maximum attack of ***** gigabytes per second (Gbps). DDoS attack, also known as a Distributed Denial-of-Service attack, is a type of cybercrime where the attacker overwhelms a server with internet traffic in an effort to prevent people from accessing linked websites and online services. The maximum attack indicates the extent to which the DDoS attack impairs the internet capacity of the target system.

According to Cognitive Market Research, the global Threat Intelligence Platform market size is USD 4851.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 21.50% from 2023 to 2030.

The demand for Threat Intelligence Platforms is rising due to the increasing cyber security threat landscape and regulatory compliance requirements.
Demand for Software remains higher in the Threat Intelligence Platform market.
The BFSI category held the highest Threat Intelligence Platform market revenue share in 2023.
North American Threat Intelligence Platform will continue to lead, whereas the Asia-Pacific Threat Intelligence Platform market will experience the most substantial growth until 2030.

Escalating Cyber Threat Landscape to Provide Viable Market Output

The relentless growth and sophistication of cyber threats serve as a primary driver for the Threat Intelligence Platform (TIP) market. With cyber adversaries employing increasingly advanced tactics, organizations face the imperative to enhance their threat detection and response capabilities. Threat Intelligence Platforms play a pivotal role by aggregating and analyzing diverse threat data, including indicators of compromise and emerging attack patterns. This enables security teams to stay ahead of evolving threats, proactively fortify defenses, and respond effectively to potential cyber security incidents, making the adoption of TIPs critical in the face of the dynamic and expanding cyber threat landscape.

August 2022: A strategic relationship was formed between Microsoft and Indonesia's National Cyber Crypto Agency (BSSN) to collaborate on Microsoft's Cyber Threat Intelligence Program (CTIP). Through this strategic agreement, BSSN gains access to Microsoft's cyber threat intelligence in Indonesia and gains more understanding of the criminals' cyberinfrastructure.

(Source:news.microsoft.com/id-id/2022/08/10/bssn-and-microsoft-partner-for-threat-intelligence-sharing-to-combat-rising-cybercrime-in-indonesia-through-cyber-threat-intelligence-program/)

Regulatory Compliance Requirements to Propel Market Growth

Regulatory frameworks and compliance standards worldwide are tightening, mandating organizations to implement robust cyber security measures. This regulatory environment acts as a significant driver for the Threat Intelligence Platform market. Threat Intelligence Platforms enable organizations to gather, correlate, and analyze threat data, aiding in the fulfillment of regulatory requirements. By providing actionable insights into potential risks and vulnerabilities, TIPs assist in demonstrating compliance with cyber security regulations, ensuring that organizations adhere to data protection and privacy standards. The need to navigate complex regulatory landscapes amplifies the demand for Threat Intelligence Platforms, positioning them as essential tools for organizations striving to meet compliance obligations and fortify their cyber security postures.

June 2022: Snap Attack, the threat-hunting platform, partnered with Securonix Inc. This partnership helped deliver robust behavioral detections at scale and drive threat-informed defense.

(Source:www.prnewswire.com/news-releases/snapattack-launches-strategic-partnership-with-securonix-to-expand-and-accelerate-threat-detection-analytics-301563303.html)

Market Restraints of the Threat Intelligence Platform

Integration Challenges and Complexity to Restrict Market Growth

One key restraint in the Threat Intelligence Platform (TIP) market is the complexity associated with integration into existing cyber security infrastructure. Many organizations face challenges when attempting to seamlessly integrate TIPs with their existing security systems and workflows. The diverse array of security tools and platforms in use often results in interoperability issues, leading to a cumbersome integration process. This complexity can hinder the smooth adoption of Threat Intelligence Platforms, delaying their effective implementation and limiting their ability to provide cohesive and streamlined threat intelligence insights across the entire security architecture.

Impact of COVID–19 on the Threat Intelligence Platform Market

The COVID-19 pandemic has significantly influenced the Threat Intelligence Platform (TIP) market, reshaping priorities and accelerating the adoption of advanced cyber security solutions. The widespread sh...

In the first half of 2024, DDoS attacks on web search portals and all other information services in Indonesia had the highest average duration, amounting to around *** minutes per attack. DDoS attack, also known as a Distributed Denial-of-Service attack, is a type of cybercrime where the attacker overwhelms a server with internet traffic in an effort to prevent people from accessing linked websites and online services.

The size of the Taiwan Cybersecurity Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 11.10% during the forecast period.Cybersecurity is defined as the safe-guarding of computer systems and networks from various digital attacks aimed at stealing, damaging, or disrupting sensitive information, along with critical infrastructure. Now that technology is on the rise in Taiwan, cybersecurity remains one of the main concerns for businesses, government agencies, and individuals. Several drivers are there for the Taiwan cybersecurity market. There exists a strong technology industry in Taiwan that includes manufacturing of semiconductors and software development. It is no surprise that cybercrime actors, in search of weaknesses in the country's critical infrastructure to exploit, would venture there and take advantage of them. Remote work and digital transformation have higher vulnerabilities for cyberattacks. General regional trends of increased geopolitical tensions heightened the risk of state-sponsored cyberattacks on critical systemsTaiwanese governments know that cybersecurity is an essential aspect, and efforts have been given to build up their defense. NICST coordinates public and private sector efforts in terms of cybersecurity. On the part of the government, several regulations and standards are also established to uplift the security posture of organizations in cybersecurity. With all this government effort, Taiwan's private sector also invests heavily in cybersecurity solutions. Most of the Taiwanese companies today are installing all the latest cybersecurity technologies such as AI, machine learning, and blockchain for breaking their security walls. The country hosts an increasing number of cybersecurity startups nowadays to prove innovative solutions for current threats. Overall, Taiwan cybersecurity in the year 2023 would, therefore be an expansion since the nation seeks to protect its digital assets for continued dominance in the global technology field. Recent developments include: September 2021: Proofpoint Inc., a leading cybersecurity and compliance company announced it had completed an official review of its partner ecosystem across the Asia Pacific region with the appointment of authorized distributors Ingram Micro(Singapore, Malaysia, Australia, and New Zealand), M.Tech (Singapore, Hong Kong, Vietnam, Indonesia, India, Malaysia, Taiwan, and Australia) and ITSDI (Philippines)., July 2022 - Lanner Electronics company has established a partnership with 6WIND. Through this partnership, the company aims to integrate Lanner's uCPE appliance with 6WIND's Virtual Service Router (VSR) software and provide network service providers a routing and security solution with superior deployment flexibility, carrier-grade performance, and high availability for enabling quick deployment and operationalization of a powerful IPsec VPN feature in both cloud and hybrid environments.. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting, Increasing Investments and Government Support. Potential restraints include: Regulation Compliance Associated with Laser Usage. Notable trends are: Cloud Deployment Drives the Market Growth.

In the first half of 2024, DDoS attacks on wireless telecommunication carriers in Indonesia amounted to around ******. DDoS attack, also known as a Distributed Denial-of-Service attack, is a type of cybercrime where the attacker overwhelms a server with internet traffic in an effort to prevent people from accessing linked websites and online services.

In 2023, the number of Internet of Things (IoT) connections in Indonesia reached more than ** million, an increase from around *** million connections in the previous year. Statista Digital Market Insights estimated that the number of IoT connections will continue to increase and reach over ** million by 2028. Embracing smart living trends Indonesia’s smart home market is facing rapid growth with a rising number of smart home users, and its revenue is projected to nearly double over the next five years. Many Indonesian consumers are also showing a keen interest in a healthier lifestyle, leading to a surge in the use of wearable tech to monitor physical activities. These trends highlight the shift towards smarter living to enhance everyday lives by utilizing IoT technologies. Indonesia’s readiness – what’s next for IoT advancements? Compared to neighboring countries like Singapore and Thailand, Indonesia still lags behind in 5G network development, mainly due to limited spectrum availability. This interferes with the efficiency of IoT connections, showing the need for accelerated effort in its infrastructure. Moreover, the high number of cyber attacks across the country emphasizes the need to strengthen the protection of digital services and policies to combat cybercrime, an essential step forward to thrive in safer and advanced IoT adoption.