Financial cybercrime avoidance behavior among employees of financial sector companies in Indonesia

Hanifah Zahra; Dekar Urumsah

doi:10.14414/tiar.v14i2.4596

Vol. 14 No. 2 (2024), Articles

Vol. 14 No. 2 (2024) Pages 223-238

Financial cybercrime avoidance behavior among employees of financial sector companies in Indonesia

Hanifah Zahra⁺⁻
Dekar Urumsah⁺⁻

Hanifah Zahra

Universitas Islam Indonesia, Sleman Regency, Special Region of Yogyakarta, Indonesia

Dekar Urumsah

Universitas Islam Indonesia, Sleman Regency, Special Region of Yogyakarta, Indonesia

https://orcid.org/0000-0002-2937-137X (unauthenticated)

DOI: 10.14414/tiar.v14i2.4596

Published 2025-01-10

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Keywords

Avoidance behavior
Avoidance motivation
Financial cybercrime

How to Cite

Zahra, H., & Urumsah, D. (2025). Financial cybercrime avoidance behavior among employees of financial sector companies in Indonesia. The Indonesian Accounting Review, 14(2), 223-238. https://doi.org/10.14414/tiar.v14i2.4596

Abstract

This study aims to examine the factors that influence the behavior of avoiding financial cybercrime among employees of financial sector companies in Indonesia. This studyuses Technology Threat Avoidance Theory (TTAT) and Regret Theory as theoretical frameworks. Data are collected through a survey conducted onemployees of financial sector companies in Indonesia, both in paper-based and online formats, resulting in a total of 180 questionnaires for analyses. Data analysis is conducted using Structural Equation Modeling-Partial Least Squares (SEM-PLS) in SmartPLS 4.0. The results of this study show thatperceived susceptibility and perceived severity have a significant positive influence on perceived threat. However, the interaction between perceived susceptibility and perceived severity has no effect on perceived threat. Perceived threat, safeguard effectiveness, and anticipated regret have a significant influence on financial cybercrime avoidance motivation. Conversely, self-efficacy and safeguard cost do not have an effect onfinancial cybercrime avoidance motivation. Furthermore, financial cybercrime avoidance motivation has a significant and positive influence on financial cybercrime avoidance behavior. These findings offer insights for policymakers, financial sector companies, and antivirus software developers to enhance cybersecurity policies, responses to cybercrime, and software features.

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