Identifying the Prevalence of Cybercrime in Indonesian Corporations: A Corporate Legislation Perspective

The continuous development and improvement of information and technology have prompted businesses to implement various technological techniques to complete daily tasks efficiently. This strategy has effectively reduced costs and time; however, excessive internet and online media use have resulted in various challenges for the associated businesses, such as hacking, defamation, unlawful transactions, etc. These offenses are referred to as cybercrimes. Since the turn of the century, the number of cybercrimes committed against Indonesian corporations has risen sharply, causing concern for the Indonesian government. Thus, the present study focuses on the prevalence of cybercrimes in Indonesian corporations, particularly on corporate law. Legal research was conducted for this study, and data were collected from various primary and secondary sources. Based on the findings of this study, the legal framework for cybercrimes in Indonesia consists primarily of the "Electronic Information and Transactions (ITE) Law" and the "Indonesian Criminal Code" (KUHP), which are currently restricted to defamation, online threats, and other individual cybercrimes. However, other crimes relating to corporations, such as data protection, unlawful transactions, and others, are not highlighted in this legal framework, resulting in various obstacles to implementing cyber laws in Indonesia. This has also affected consumers' purchasing performance, influencing the affiliated businesses' social image. Nonetheless, this study has also provided various practical and theoretical implications. To safeguard data, privacy, and transactions in Indonesia, it is also suggested that a cybersecurity law be drafted.