Having recognized its potentials as one of world’s most prospective digital market, Indonesia has been actively enhancing its institutional capacity to support wider and safer access of internet. The archipelagic state has recently formed National Cyber and Encryption Body and established new regulations in order to cater to the need to provide secure internet access for its growing size of constituent in the digital realm. In this case, cybersecurity is understood as a highly complex, multidimensional policy landscape, thus requires active participation from multiple actors, whose perceptions on what constitutes a secure cyberspace differ from one another. While there is a clear lack of literature on cybersecurity policy in Indonesia, existing literature mainly emphasizes on the policy-making process of cybersecurity, while foregoing a deeper analysis on the meaning of a secure cyberspace which serve as a fundamental basis of the policy. This study aims to delve into how different actors who are involved in the making process of cybersecurity regulations in Indonesia perceive cybersecurity through the lenses of securitization. Therefore, such analysis will unravel what each of these actors view as a cybersecurity threat and to whom security is provided for. Such analysis will reflect the dynamics of cybersecurity policy-making process in Indonesia.