Cybersecurity attack landscape in Mexico

September 18, 2023

In today's digitally interconnected world, cybersecurity has become paramount. It's the shield that safeguards our personal information, financial assets, and even national security from a constantly evolving landscape of cyber threats. From malicious hackers seeking to exploit vulnerabilities to the risk of data breaches that can compromise the trust of customers and partners, the stakes have never been higher. Cybersecurity is not merely a technological concern; it's a matter of strategic importance for individuals, businesses, and governments alike. As cyberattacks grow in frequency and sophistication, staying informed, proactive, and resilient in the face of these challenges is not an option but a necessity. In this blog, we'll explore the latest trends, best practices, and innovative solutions that empower us to navigate the digital realm securely and confidently

Mexico, with its growing economy and geostrategic location, has become an attractive target for cybercriminals. The country ranks as the second country in Latin America with the most cyberattacks, experiencing a 40% growth in the number of attacks between 2013 and 2014.


The losses from cybercrime incidents in Mexico are estimated to range from $3 billion to $5 billion per year.


The country suffered a high-profile cyber attack in November 2019 when hackers demanded nearly $5 million from the state-owned oil company, PEMEX, leading to a nationwide computer shutdown and frozen payment systems.


Another significant cyber attack occurred in February 2020, targeting the Mexican government's economy ministry, which resulted in temporary network isolation and suspension of form processing.


The Mexican financial system has also been a target of cybercrime, with 100% of financial entities and institutions reporting some kind of digital security event, including successful attacks and breaches.


In the first quarter of 2020, Mexico experienced an estimated 800 million attempted cyberattacks, making it the fourth-largest cybercrime target in the Western Hemisphere, after the United States, Canada, and Brazil.


Mexico's cybersecurity infrastructure and practices are not yet at the level necessary for a secure and robust ICT sector. However, there have been some developments in the country's cybersecurity progress, including cooperation with the United States. Calibrated policy responses and increased awareness of cyber threats can have a significant impact on addressing the challenges faced by Mexico's public and private sectors.

Malware XPhase Clipper

February 10, 2024
Malware XPhase Clipper: Cuidado con las Criptomonedas Falsificadas y Tácticas de Infección Inteligentes

Vulnerabilidad Crítica de FortiOS Enciende las Alarmas

February 10, 2024
Vulnerabilidad Crítica de FortiOS Enciende las Alarmas: Podrían Existir Exploits 'Zero-Day'

IT and Regulatory Compliance

December 4, 2023
Regulatory compliance is a critical aspect of the IT industry, ensuring that businesses follow state, federal, and international laws and regulations relevant to their operations. It involves adhering to external legal mandates set forth by the government, such as the U.S. Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the European Union’s General Data Protection Regulation of 2016 (GDPR). Compliance programs are not a voluntary desire of the company to show higher legal and organizational literacy, but official regulations that oblige institutions to design their own protocols and execution standards. Failure to comply with these regulations can result in severe consequences, including legal penalties, loss of reputation, and financial damage. Therefore, it is crucial for IT companies to prioritize regulatory compliance to ensure integrity, safety, and ethical behavior in their operations In the IT industry, regulatory compliance is particularly important due to the sensitive nature of the data and the potential impact of non-compliance on individuals and organizations. For example, the GDPR imposes strict requirements on the collection, storage, and processing of personal data, and non-compliance can result in significant fines. Similarly, HIPAA regulates the use and disclosure of protected health information, and non-compliance can lead to severe penalties. Therefore, IT companies must implement robust compliance programs to ensure that they meet these regulatory requirements and protect the data of their customers and employees To achieve regulatory compliance, IT companies can implement various measures, including conducting regular risk assessments, developing and implementing policies and procedures, providing employee training, and conducting internal and external audits. These measures can help IT companies identify and address potential compliance issues, demonstrate their commitment to compliance, and mitigate the risks associated with non-compliance. By prioritizing regulatory compliance, IT companies can not only avoid legal penalties and financial damage but also enhance their reputation, build customer trust, and create a competitive advantage in the market In conclusion, regulatory compliance is a critical aspect of the IT industry, ensuring that businesses follow state, federal, and international laws and regulations relevant to their operations. It is essential for IT companies to prioritize regulatory compliance to ensure integrity, safety, and ethical behavior in their operations. By implementing robust compliance programs, IT companies can avoid legal penalties, protect the data of their customers and employees, and create a competitive advantage in the market.
More Posts