LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

May 10, 2022

Do Cybercriminals Find Easy Targets in Latin America?

Costa Rica’s government information technology systems were targeted last month in a ransomware attack. // File Photo: Towfiqu Barbhuiya via Unsplash.com.

Q

A

Pierluigi Paganini, CEO of Cybhorus: “Ransomware gangs like Conti could use several techniques to breach a target organization, such as exploiting known vulnerabilities in Internet-exposed systems, brute-forcing systems that could give them access to the target networks or by using credentials from a past security breach to gain a foothold in the target organization. Some ransomware gangs also attempt to recruit insiders to obtain support to compromise the target infrastructure. The failure on blocking a ransomware attack depends on multiple factors, such as poor cybersecurity hygiene, a lack of active monitoring of the IT infrastructure and a lack of network segmentation to prevent the threat from spreading. The time to resume operations depends on multiple factors, including the extent of the compromise, the availability of working backups and the existence of a well-formalized incident response procedure. It is necessary to implement cyber security best practices proposed by international organizations such as the European ENISA, U.S. CISA and NIST…”

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ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Gene Kuleta
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202.463.2920
gkuleta@thedialogue.org

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Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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