Latin America Advisor 2024-11-01 – Inter-American Dialogue

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

December 16, 6182

Why Are Cybercrime Incidents on the Rise in Mexico?

Mexico was targeted in 31 billion cybercrime attempts in just the first six months of this year, according to a recent report. // File Photo: Tim Reckmann via ccnull.de.

Q

In the first six months of this year, Mexico was targeted in 31 billion cybercrime attempts, accounting for just over half of all cybercrime incidents in Latin America, cybersecurity firm Fortinet said in a study released Oct. 9. The attacks come amid Mexico’s nearshoring boom, as multinational companies have increasingly shifted operations there to be closer to their primary markets. Which sectors in Mexico are particularly vulnerable to cyberattacks, and what types of cyberattacks are most prevalent? How well are Mexican authorities fighting cyberattacks, and does the country need new regulations and laws in order to help prevent cyberattacks?

A

Joseph Devanny, senior lecturer in the Department of War Studies at King’s College London: “Mexico is one of the largest economies in Latin America, so it should surprise no one that it suffers more than other countries in the region from cybercrime incidents. Mexico is not solely an attractive target because of its relative wealth and its more expansive digital attack surface; it suffers also because of shortcomings in its national cybersecurity. President Sheinbaum should make improving cybersecurity a top priority, making up for lost time under her predecessor. There is no quick fix for Mexico’s cybersecurity problems. Mexico needs better strategic coordination, presidential prioritization and commitment of effort and resources to break through inter-agency challenges and improve national capabilities. Some problems require sustained, long-term effort…”

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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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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
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Peter Hakim
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Donna Hrinak
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Jon E. Huenemann
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James R. Jones
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Craig Kelly
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Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
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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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