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ISD was invited to attend a webinar held by the Centre for Strategic and International Studies (CSIS) Indonesia regarding the potential impact of data protection and sharing regulations on Indonesia’s digital economy. Filianingsih Hendarta, Head of Payment System Policy Department of Bank Indonesia stated that regarding this issue, a Data-Hub will be established with the aim of financial inclusion, innovation, and policy and oversight authorities. Going forward, the optimal digital economic and financial ecosystem is expected to bring 91.3 million unbanked people and 62.9 million MSMEs into the formal economy and finance in a sustainable manner through the use of digitalization.

Puji Agus Kurniawan, Director of the Expenditure Balance of Central Bureau of Statistics of Indonesia, ensures that it will involve stakeholders for derivative regulations, involving related ministries/agencies, and business actors through associations (Indonesian E-Commerce Association – IdEA and ISD), as well as individual digital business actors.

Jose Rizal Damuri, Head of the Department of Economics of CSIS stated that data sharing can increase GDP by 1-2.5% predicted by OECD, but carries the risk of data breaches, loss of control from data owners that can make various parties reluctant to share data. Thus, an arrangement is needed that takes into account data sensitivity and granularity, requirements, and the ability of recipients to protect data.  Regarding registration and verification from users, it must still pay attention to the principles of data protection, namely anonymity, clear boundaries, and use as needed. In addition, it is important to ensure clear responsibilities of data collectors.