Legal Protection of Electronic Fund Transfer (EFT) In Indonesia: An Analysis of the Regulatory Framework and Legal Issues in Electronic Transactions

The rapid development of information and communication technology has transformed financial transaction systems through the implementation of Electronic Fund Transfer (EFT). This system enables fund transfers to be conducted quickly, efficiently, and in real time without direct physical interaction. As an essential component of the digital economy, EFT supports digital banking, fintech services, and e-commerce transactions. However, its implementation also creates various legal challenges, including issues related to data security, system reliability, legal liability, and consumer protection. Risks may arise from technical failures as well as cybercrimes such as fraud, unauthorized access, and misuse of personal data. This study aims to analyze the concept and legal framework of EFT in Indonesia and identify legal issues arising from its implementation. Using a normative juridical method with statutory and conceptual approaches, the study finds that existing regulations remain fragmented and insufficiently integrated. Therefore, regulatory harmonization and stronger legal protection are needed to ensure legal certainty and public trust in digital financial transactions.

Authors

Institutions

Publication Details

Journal
International Journal of Social Science and Human Research
Published
2026-11-06
DOI
https://doi.org/10.47191/ijsshr/v9-i11-07
Primary Topic
Indonesian Legal and Regulatory Studies
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
article

Legal Protection of Electronic Fund Transfer (EFT) In Indonesia: An Analysis of the Regulatory Framework and Legal Issues in Electronic Transactions

Prof. Dr. Achmad Busro, S.H., M.Hum, Anak Agung Ngurah Manu Parawangsa
1 links
International Journal of Social Science and Human Research
Indonesian Legal and Regulatory Studies
article

Legal Protection of Electronic Fund Transfer (EFT) In Indonesia: An Analysis of the Regulatory Framework and Legal Issues in Electronic Transactions

Prof. Dr. Achmad Busro, S.H., M.Hum, Anak Agung Ngurah Manu Parawangsa
article en

Abstract

The rapid development of information and communication technology has transformed financial transaction systems through the implementation of Electronic Fund Transfer (EFT). This system enables fund transfers to be conducted quickly, efficiently, and in real time without direct physical interaction. As an essential component of the digital economy, EFT supports digital banking, fintech services, and e-commerce transactions. However, its implementation also creates various legal challenges, including issues related to data security, system reliability, legal liability, and consumer protection. Risks may arise from technical failures as well as cybercrimes such as fraud, unauthorized access, and misuse of personal data. This study aims to analyze the concept and legal framework of EFT in Indonesia and identify legal issues arising from its implementation. Using a normative juridical method with statutory and conceptual approaches, the study finds that existing regulations remain fragmented and insufficiently integrated. Therefore, regulatory harmonization and stronger legal protection are needed to ensure legal certainty and public trust in digital financial transactions.

International Journal of Social Science and Human ResearchVol. 09(11)
Diponegoro University (ID)
Peace, justice, and strong institutions, Industry, innovation and infrastructure
Openalex Percentile: Top 6%
Indonesian Legal and Regulatory Studies
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Laika access coming soon
Legal Protection of Electronic Fund Transfer (EFT) In Indonesia: An Analysis of the Regulatory Framework and Legal Issues in Electronic Transactions — Prof. Dr. Achmad Busro, S.H., M.Hum, Anak Agung Ngurah Manu Parawangsa · International Journal of Social Science and Human Research (2026) | TGRS Research Map | TGRS