Enabling OJK Regulatory Compliance and Cyber Resilience for Indonesia’s Banking and Financial Sector With Exabeam

As Indonesia’s digital financial ecosystem continues to grow, cyber risk management and IT governance have become strategic imperatives for commercial banks and other financial institutions. The Otoritas Jasa Keuangan (OJK) has reinforced this priority through Peraturan Otoritas Jasa Keuangan (POJK) No. 11/03/2022 on IT Governance and Surat Edaran Otoritas Jasa Keuangan (SEOJK) No. 29/03/2022 on Cybersecurity and Resilience.

These regulations set stringent requirements for governance, security operations, and incident response, making it essential for financial institutions to adopt modern, intelligence-driven security operations. To comply, organisations must deliver proactive threat detection, rapid incident response, and audit-ready reporting, while maintaining a risk-aligned IT architecture.

Exabeam, a leader in security operations and behavioural analytics, provides a future-ready platform purpose-built to help Indonesian banks and financial institutions meet these technical and operational mandates, strengthening both regulatory compliance and cyber resilience.

POJK 11/03/2022: Enforcing IT Governance and Strategic Risk Oversight

In response to the accelerating pace of digital transformation in Indonesia’s financial sector, the OJK introduced POJK No. 11/POJK.03/2022 on the Implementation of Information Technology by Financial Institutions.

Under this regulation, financial institutions must establish a comprehensive cybersecurity framework that includes:

• Asset identification and risk assessment
• Protective measures to safeguard systems and data
• Detection mechanisms to identify threats in real time
• Incident response processes and regular testing
• Annual maturity evaluations across leadership, governance, operational monitoring, training, resilience, and data protection

The regulation also requires a structured, risk-aware approach to IT management, covering:

• A business-aligned IT strategy
• IT risk identification and mitigation
• Continuous monitoring of IT service performance and incidents
• Periodic evaluations and enforcement of audit trails

How Exabeam Supports POJK 11/03/2022 Requirements

POJK Governance Domain	Exabeam Capabilities
IT Risk Monitoring	Real-time log ingestion with automated risk detection and correlation
Performance Metrics and SLA	Custom dashboards for service availability and SLA tracking
Auditability and Forensics	Long-term data retention with advanced forensic search
IT Incident Documentation	Automated timelines for structured, audit-ready incident records

SEOJK 29/03/2022: Strengthening Threat Detection and Cyber Resilience

SEOJK 29 serves as a practical extension of POJK 11, offering detailed guidance on implementing effective cybersecurity measures and achieving operational resilience. It defines key terms such as cyber resilience, cybersecurity, and incident response procedures, and sets out specific technical control expectations.

Core focus areas include:

• User and network behavioural analytics for detecting anomalous activity
• Security incident lifecycle management for coordinated detection, investigation, and remediation
• Cybersecurity maturity assessments to track and improve readiness
• Threat intelligence integration for informed, context-rich detection

The regulation also mandates annual scenario-based testing, including penetration tests, tabletop exercises, and red team simulations, to assess preparedness.

Financial institutions must also follow strict incident reporting timelines, providing initial notification to OJK within 24 hours and a full report within five working days.

How Exabeam Supports SEOJK 29/03/2022 Requirements

SEOJK Control Area	Exabeam Technical Capability
Anomaly Detection	UEBA with dynamic, machine-learned baselines to identify behavioural anomalies
Incident Lifecycle Management	Automated timelines and incident correlation for clear, auditable investigations
Threat Intelligence Enrichment	Correlates logs with threat intelligence to prioritise high-risk events
Response Automation (SOAR)	Automated actions for containment and remediation, integrated with ticketing systems for faster reporting

Technical Outcomes for Stakeholders

The Exabeam Security Operations Platform delivers measurable value to key stakeholders across financial institutions.

Stakeholders	Value from Exabeam
CISOs	Demonstrate regulatory alignment, optimise response workflows, and reduce organisational risk exposure.
IT Auditors	Access on-demand compliance dashboards and detailed audit trails.
Security Architects	Align threat modeling to the MITRE ATT&CK® framework and scale analytics to support growing detection needs.
Digital Banking Operations	Detect early fraud indicators across digital channels and correlate them with integrated threat signals.

Summary

OJK’s digital risk mandates are clear: Governance, auditability, and resilience must be automated, scalable, and informed by real-time threat intelligence. The New-Scale Security Operations Platform enables financial institutions in Indonesia to operationalise these requirements through a single, integrated solution.

By combining security information and event management (SIEM), user and entity behaviour analytics (UEBA), and security orchestration, automation, and response (SOAR), the platform provides full-spectrum coverage from compliance documentation to advanced threat detection and response. Automated timelines, dynamic risk scoring, and integrated reporting help teams meet regulatory requirements while strengthening their ability to detect and respond to threats.

Next Steps

Request a localised demo or architecture consultation to see how the Exabeam Security Operations Platform aligns with POJK and SEOJK mandates and supports both compliance and cyber resilience.