The new frontier: How PDP Law transforms banking risk-manage...

he full implementation of the Personal Data Protection (PDP) Law will begin tomorrow. It will mark the end of the two-year transition period for businesses to comply with new legal mandates. From that day forward, banks and other industries must take into account personal data protection rules in their business decisions and operations. It will align Indonesia with global data protection standards. As we enter this new regulatory era, banks must ask themselves: How will the PDP Law reshape their approach to data protection and risk management? At first glance, the PDP Law provides a vital framework for managing growing risks related to data breaches and cyber threats. However, the real challenge for banks is incorporating data protection into their overall risk management strategies. Indonesian banks, which have long dealt with complex regulations and financial risks, now face the ch...