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

Authors

  • 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

DOI:

https://doi.org/10.14414/tiar.v14i2.4596

Keywords:

Avoidance behavior, Avoidance motivation, Financial cybercrime

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.

Author Biographies

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

Hanifah Zahra is a lecturer in the Accounting Department, Faculty of Business and Economics,
Universitas Islam Indonesia. She earned her Bachelor’s degree in Accounting in 2021 and
completed her Master’s degree in Accounting in 2023, both from Universitas Islam Indonesia.
Her research interests include system usage behavior, financial cybercrime, and cyber
disclosure. She is passionate about exploring how financial and technological systems intersect,
particularly in enhancing transparency and mitigating risks in the digital era. She can be reached
at the Department of Accounting, Faculty of Business and Economics, UII, North Ring Road,
Condongcatur, Depok, Sleman Regency, Special Region of Yogyakarta;
hanifah.zahra@uii.ac.id.

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

Dekar Urumsah is an Associate Professor in the Accounting Department, Faculty of Business
and Economics, Universitas Islam Indonesia (UII). He earned a Bachelor’s degree in Accounting
from UII in 1992 and a Bachelor’s degree in Electronics and Instrumentation from Gadjah Mada
University in 1997. He completed his Master’s in Commerce (Information Systems) in 2004 and
his PhD in Accounting in 2014, both at Curtin University, Australia. His research focuses on
Information Systems, Forensic Audit, and Public Sector Accounting, contributing significantly to
these fields through his academic and professional expertise. With a strong interdisciplinary
background, he bridges accounting, technology, and public sector studies. He can be contacted
at the Department of Accounting, Faculty of Business and Economics, Universitas Islam
Indonesia, North Ring Road, Condongcatur, Depok, Sleman Regency, Special Region of
Yogyakarta; dekar.urumsah@uii.ac.id.

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Submitted

2024-06-13

Published

2025-08-08

How to Cite

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

Issue

Vol. 14 No. 2 (2024): July - December 2024

Section

Articles

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How to Cite

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