# VIDA Highlights Cyber Threats to the Fintech Industry at Money20/20 Asia 2026

- Link: https://www.thailand-business-news.com/pr-news/vida-highlights-cyber-threats-to-the-fintech-industry-at-money20-20-asia-2026
- Published: 2026-04-29T09:00:00+07:00
- Author: PR Newswire

BANGKOK, April 29, 2026 /PRNewswire/ — Fraud has evolved into industrial-scale operations
across Southeast Asia. At Money20/20 Asia 2026, held from April 21 to 23 in Bangkok,
VIDA, Indonesia’s leading digital identity network, warned that traditional approaches
to identity security are no longer sufficient.

 [ ⌊Niki Luhur, Founder and CEO of VIDA, speaks during a panel session at Money20/20 Asia 2026 in Bangkok.⌉ ](https://mma.prnasia.com/media2/2967932/1777256309477.html)

Niki Luhur, Founder and CEO of VIDA, speaks during a panel session at Money20/20
Asia 2026 in Bangkok.

Founder and CEO of VIDA, Niki Luhur, shared this during the panel session _"How 
Cybercriminals Target Fintech and What’s Next."_ He highlighted how fraud has scaled
across the region, from industrialized scam compounds to cross-border syndicates
spanning Myanmar, Thailand, and Indonesia. In one case, authorities in Myanmar seized
$12 billion in Bitcoin, underscoring the scale of these operations.

"Cybercrime is democratic, they don’t care what size institution you are. They just
scan for vulnerabilities. All the doors that are open, they exploit them," said 
Niki Luhur.

This industrialized scale is made possible by one thing: Systematic exploitation
of weak points across digital systems. Rather than targeting specific institutions,
cybercriminals focus on vulnerabilities that can be replicated and scaled across
platforms.

Niki emphasized that while attention is on deepfakes, the real threat lies deeper
in the attack chain, particularly in injection attacks. "Deepfakes get the buzz,
but the door is an injection attack. The majority come from virtual cameras on compromised
devices," he added.

His solution is clear: layered defense requiring three simultaneous verifications;
the person (biometrics), their identity (against government databases), and the 
device. This approach addresses the infrastructure gap where KYC and authentication
systems remain siloed across financial institutions.

Alongside its presence at the conference, VIDA is also launching ID FraudShield,
a new fraud detection solution built for threats that traditional biometric checks
can no longer stop. ID Fraud Shield combines biometric liveness with device intelligence,
behavioral analytics, network detection, and rule-based fraud evaluation, all delivered
in parallel through one SDK. It’s designed for one purpose: catching the fraud that
liveness alone misses.

[**About VIDA**](https://vida.id/)

VIDA is licensed Certification Authority (CA) registered under the Ministry of Communication
and Digital Affairs of the Republic of Indonesia. Founded in 2018, VIDA provides
digital identity services that integrate electronic certificates, digital signatures,
identity verification, and transaction authentication, all adhering to world-class
security standards, including Public Key Infrastructure (PKI) and biometric verification.
VIDA verifies more than 2.5 million identities every day. For more information, 
visit [www.vida.id](https://www.vida.id/) 

---

  |  This article was produced by Cision PR Newswire, our trusted news partner. The views expressed and the content presented here are solely those of the author and may not fully reflect the opinions of Thailand Business News. |

---

 
**Read the original article :** [VIDA Highlights Cyber Threats to the Fintech Industry at Money20/20 Asia 2026 ](http://www.prnasia.com/story/archive/4945317_AE45317_0?rand=184833)