The Influence of Fintech on the National Security System: Law, Economic Potential and Digital Defense Strategy
)
(1) Faculty of Science and Technology, Institut Sains dan Teknologi Al-Kamal, Jakarta, Indonesia
(2) Faculty of Sharia, Universitas Islam Negeri Kiai Haji Achmad Siddiq Jember, Jember, Indonesia
(3) Faculty of Law, Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto, Purwokerto, Indonesia
Corresponding Author
Abstract
Introduction: Fintech has emerged as a transformative force in the financial sector, bringing significant changes encompassing economic potential and challenges to national security strategies.
Purposes of the Research: This research wants to explore the efforts that have been made by countries in dealing with the impact of Fintech on security.
Methods of the Research: This research uses a qualitative method with a descriptive analysis approach. This research focuses on qualitative methods and is researched to see the extent of the challenges posed by fintech to the country's resilience system
Results of the Research: The increasing adoption of Fintech also presents challenges to national security digital defense strategies. Threats to data security, cyberattacks, and misuse of financial technology can jeopardize national financial infrastructure, threaten the stability of the financial system, and pose risks to national security. Thus, concerted efforts from governments, financial institutions, and Fintech companies are required to enhance digital defense. Governments need to implement stringent regulations to safeguard Fintech user data and privacy and closely supervise Fintech operations to mitigate the risks of financial technology misuse. Collaboration between governments, financial institutions, and Fintech companies in sharing security intelligence is essential to tackle increasingly complex and organized threats. Additionally, investing in advanced security technology, raising user awareness about security, and strengthening oversight of critical infrastructure are crucial steps in digital defense strategies. Fintech has exerted significant influence on national security, offering vast economic potential while presenting intricate challenges to digital defense strategies. Acknowledging both the potential and challenges, governments and stakeholders must collaborate to create a secure, reliable, and sustainable Fintech ecosystem that fosters economic progress and bolsters overall national security.
Keywords
DOI
10.47268/sasi.v31i2.2244
Published
2025-06-29
How To Cite
@article{SASI2244,
author = {Ngasiman Djoyonegoro and Muhammad Harisudin and Hariyanto Hariyanto},
title = {The Influence of Fintech on the National Security System: Law, Economic Potential and Digital Defense Strategy},
journal = {SASI},
volume = {31},
number = {2},
year = {2025},
keywords = {Digital Defense Strategies; Fintech; National Security System.},
abstract = {Introduction: Fintech has emerged as a transformative force in the financial sector, bringing significant changes encompassing economic potential and challenges to national security strategies.Purposes of the Research: This research wants to explore the efforts that have been made by countries in dealing with the impact of Fintech on security.Methods of the Research: This research uses a qualitative method with a descriptive analysis approach. This research focuses on qualitative methods and is researched to see the extent of the challenges posed by fintech to the country's resilience systemResults of the Research: The increasing adoption of Fintech also presents challenges to national security digital defense strategies. Threats to data security, cyberattacks, and misuse of financial technology can jeopardize national financial infrastructure, threaten the stability of the financial system, and pose risks to national security. Thus, concerted efforts from governments, financial institutions, and Fintech companies are required to enhance digital defense. Governments need to implement stringent regulations to safeguard Fintech user data and privacy and closely supervise Fintech operations to mitigate the risks of financial technology misuse. Collaboration between governments, financial institutions, and Fintech companies in sharing security intelligence is essential to tackle increasingly complex and organized threats. Additionally, investing in advanced security technology, raising user awareness about security, and strengthening oversight of critical infrastructure are crucial steps in digital defense strategies. Fintech has exerted significant influence on national security, offering vast economic potential while presenting intricate challenges to digital defense strategies. Acknowledging both the potential and challenges, governments and stakeholders must collaborate to create a secure, reliable, and sustainable Fintech ecosystem that fosters economic progress and bolsters overall national security.},
issn = {2614-2961}, pages = {95--106} doi = {10.47268/sasi.v31i2.2244},
url = {https://fhukum.unpatti.ac.id/jurnal/sasi/article/view/2244}
}
A H Ilman, G Noviskandariani, and Nurjihadi, M. “Peran Teknologi Finansial bagi Perekonomian Negara Berkembang”. Jurnal Ekonomi Dan Bisnis Indonesia, 4 no 1 (2019).
Baginda Persaulian, “Regulasi Teknologi Finansial (Fintech) di Indonesia”, Jurnal Fundamental 10, no 2 (2021).
Basuki, F. H., & Husein, H. “Analisis SWOT Financial Technology Pada Dunia Perbankan Di Kota Ambon”. Manajemen dan Bisnis, 2 (2018).
CNA Financial. (2020). Cybersecurity Incident. Diakses dari https://www.cna.com/web/guest/cybersecurity-incident.
CNN Business. Colonial Pipeline Ransomware Attack. (2021).
Chen, A. “Proactive Cybersecurity Strategies: Collaboration and Intelligence Sharing”. Cybersecurity Policy Review, (2019).
Deloitte. (2020). Cybersecurity in Fintech: Addressing New and Evolving Threats. https://www2.deloitte.com/global/en/pages/financial-services/articles/cybersecurity-in-fintech.html.
Diva Salasa Anastasia, “Urgensi Pembentukan Hukum Fintech Untuk Memberi Perlindungan Hukum Kepada Konsumen Dalam Pinjaman Online”, Jurnal Hukum dan HAM Wara Sains 2 no. 2,: 136-151.
European Banking Authority. (2021). The Impact of FinTech on Payment Institutions' and E-Money Institutions' Business Models. https://eba.europa.eu/eba-report-impact-fintech-payment-institutions-and-e-money-institutions-business-models.
Financial Fraud and Cyber Threats in the Age of Fintech. (2021). Europol. https://www.europol.europa.eu/activities-services/public-awareness-and-prevention-guides/financial-fraud-and-cyber-threats-in-age-of-fintech.
Henri Christian Pattinaja. “Pengaturan Hukum Financial Technology di Indonesia”, SELISIK 7, no 2 (2021).
International Telecommunication Union. (2020). Global Cybersecurity Index 2020.
Johnson, E. “Regulating Fintech for Security: A Policy Approach”. International Journal of Financial Regulation. (2017).
Kaspersky. Fintech and the Future of Cybersecurity: Protecting the Financial Industry in the Age of Fintech. (2020).
Kim, D, “The Cybersecurity Challenges of Fintech Adoption”. Journal of Cybersecurity. (2019).
Kornelius Benuf, Siti Mahmudah, and Ery Agus Priyono, “Perlindungan Hukum Terhadap Keamanan Data Konsumen Financial Technology di Indonesia”, Refleksi Hukum: Jurnal Ilmu Hukum 3, no. 2 (2019).
L. Abubakar, and Handayani, T. “Penguatan Regulasi: Upaya Percepatan Transformasi Digital Perbankan di Era Ekonomi Digital”. Masalah-Masalah Hukum, 51 no. 3 (2022): 259-270.
Lee, S. “The Impact of Fintech on Financial Inclusion: Evidence from Emerging Markets”. Journal of Economic Perspectives, (2020).
McKinsey Global Institute. Digital Finance for All: Powering Inclusive Growth in Emerging Economies, (2019).
Miller, A. & Selvadurai, V. “Cybersecurity Risks and Mitigation for Financial Technology (FinTech) Companies”. Journal of Corporate Accounting & Finance, 32 no. 4 (2020): 116-122.
Nugrahani, F, Metode Penelitian Kualitatif. (Solo: Cakra Books, 2014).
Soerjono Soekanto and Sri Mahmudji, Penelitian Hukum Normatif, Suatu Tinjauan Singkat, Jakarta: Raja Grafindo Persada, 2003.
Tan, A. “The Evolution of Fintech: A Comprehensive Analysis”. Journal of Financial Innovation. (2019).
Tan, J. “Cybersecurity Challenges in the Age of Fintech: An Analysis of Emerging Threats”. Journal of Cybersecurity Studies. (2021).
Tan, S. “Money Laundering and Terrorism Financing Risks in the Age of Fintech”. Journal of Financial Crime. (2018).
Wong, A. “The Efficiency Revolution: How Fintech is Transforming Financial Services”. Journal of Financial Innovation. (2018).
Wong, M. Data Security and Consumer Protection in the Era of Fintech. Journal of Financial Technology. (2020).
World Bank. (2021). The Global Findex Database 2021: Measuring Financial Inclusion and the Fintech Revolution. https://globalfindex.worldbank.org/.
World Economic Forum. (2021). Cybersecurity: An Essential Opportunity for Fintech and Blockchain. https://www.weforum.org/agenda/2021/01/cybersecurity-an-essential-opportunity-for-fintech-and-blockchain/
Xiang, L., & Meng, Q. “A Review of Cybersecurity Threats and Defense Strategies for Fintech Ecosystems”. IEEE Transactions on Services Computing, 14 no. 3 (2021): 601-615.
Zavarsky, P., Kekelyova, P., & Ondrus, J. “Cybersecurity in Fintech: A Systematic Literature Review”. Computers & Security, 82, (2019): 199-211.
: 10 times
Download : 1 times
| Dublin Core | PKP Metadata Items | Metadata for this Document | |
| 1. | Title | Title of document | The Influence of Fintech on the National Security System: Law, Economic Potential and Digital Defense Strategy |
| 2. | Creator | Author's name, affiliation, country | Ngasiman Djoyonegoro; Faculty of Science and Technology, Institut Sains dan Teknologi Al-Kamal, Jakarta; Indonesia |
| 2. | Creator | Author's name, affiliation, country | Muhammad Noor Harisudin; Faculty of Sharia, Universitas Islam Negeri Kiai Haji Achmad Siddiq Jember, Jember; Indonesia |
| 2. | Creator | Author's name, affiliation, country |
Hariyanto Hariyanto; Faculty of Law, Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto, Purwokerto; Indonesia |
| 3. | Subject | Discipline(s) | |
| 3. | Subject | Keyword(s) | Digital Defense Strategies; Fintech; National Security System. |
| 4. | Description | Abstract | Introduction: Fintech has emerged as a transformative force in the financial sector, bringing significant changes encompassing economic potential and challenges to national security strategies.Purposes of the Research: This research wants to explore the efforts that have been made by countries in dealing with the impact of Fintech on security.Methods of the Research: This research uses a qualitative method with a descriptive analysis approach. This research focuses on qualitative methods and is researched to see the extent of the challenges posed by fintech to the country's resilience systemResults of the Research: The increasing adoption of Fintech also presents challenges to national security digital defense strategies. Threats to data security, cyberattacks, and misuse of financial technology can jeopardize national financial infrastructure, threaten the stability of the financial system, and pose risks to national security. Thus, concerted efforts from governments, financial institutions, and Fintech companies are required to enhance digital defense. Governments need to implement stringent regulations to safeguard Fintech user data and privacy and closely supervise Fintech operations to mitigate the risks of financial technology misuse. Collaboration between governments, financial institutions, and Fintech companies in sharing security intelligence is essential to tackle increasingly complex and organized threats. Additionally, investing in advanced security technology, raising user awareness about security, and strengthening oversight of critical infrastructure are crucial steps in digital defense strategies. Fintech has exerted significant influence on national security, offering vast economic potential while presenting intricate challenges to digital defense strategies. Acknowledging both the potential and challenges, governments and stakeholders must collaborate to create a secure, reliable, and sustainable Fintech ecosystem that fosters economic progress and bolsters overall national security. |
| 5. | Publisher | Organizing agency, location | Faculty of Law, Universitas Pattimura |
| 6. | Contributor | Sponsor(s) | |
| 7. | Date | (YYYY-MM-DD) | 2025-06-29 |
| 8. | Type | Status & genre | Peer-reviewed Article |
| 8. | Type | Type | |
| 9. | Format | File format | |
| 10. | Identifier | Uniform Resource Identifier | https://fhukum.unpatti.ac.id/jurnal/sasi/article/view/2244 |
| 10. | Identifier | Digital Object Identifier | 10.47268/sasi.v31i2.2244 |
| 11. | Source | Title; vol., no. (year) | SASI; Volume 31 Issue 2, June 2025 in Progress Issue |
| 12. | Language | English=en | en |
| 13. | Relation | Supp. Files |
Turnitin Result 9 % (2MB) |
| 14. | Coverage | Geo-spatial location, chronological period, research sample (gender, age, etc.) | |
| 15. | Rights | Copyright and permissions | Copyright: Authors who publish their manuscripts in this Journal agree to the following conditions: 1. The copyright in each article belongs to the author, as well as the right to patent. 2. Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal. 3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work. 4. Authors have the right to self-archiving of the article (Author Self-Archiving Policy)
License: The SASI Journal is disseminated based on the Creative Commons Attribution-NonCommercial 4.0 International license terms. This license allows anyone to copy and redistribute this material in any form or format, compose, modify, and make derivatives of this material for any purpose. You cannot use this material for commercial purposes. You must specify an appropriate name, include a link to the license, and certify that any changes have been made. You can do this in a way that is appropriate but does not imply that the licensor supports you or your use.
|
Copyright (c) 2025 Ngasiman Djoyonegoro, Muhammad Noor Harisudin, Hariyanto Hariyanto
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Email this article 
