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2023: A Year of Shifting Cyber Threat Landscape in Latin America, with Argentina Leading the Way in Ransomware and Regulatory Breaches

BySamantha Jones

Mar 28, 2024
Cyberattack attempts decrease by 80% in 2023, but become increasingly sophisticated with new variants

In 2023, Argentina experienced a staggering 2,000 million cyberattack attempts, according to FortiGuard Labs, the threat intelligence and analysis laboratory of Fortinet. While this number represents a decrease of 80% from the previous year, experts caution that it is not necessarily an indication of improved security. Instead, there has been a shift towards fewer massive attacks and an increase in more targeted, sophisticated exploits and new variants of malware and ransomware.

The evolving threat landscape poses significant challenges for organizations as attackers exploit an ever-widening range of devices connected to the internet. As such, users are increasingly vulnerable to cyberattacks. The Latin America and Caribbean region was hit with over 200 billion attempted attacks in 2023, with Mexico, Brazil, and Colombia being the most affected countries.

Fortinet’s data provides a broad overview of the cybersecurity landscape; however, specific cases in Argentina highlight the devastating impact of cyberattacks on both public and private entities. For example, major companies like Telecom Argentina were hit by ransomware attacks that crippled their networks for days on end. Similarly, regulatory entities like the National Securities Commission suffered breaches that compromised sensitive financial information.

To combat these threats head-on, Fortinet advises organizations to integrate cybersecurity into their business strategy by adopting comprehensive platforms that combine network and security components. Automation and AI capabilities can help detect and mitigate intrusion attempts while safeguarding networks from sophisticated and targeted attacks. The cybersecurity industry as a whole is witnessing a shift towards more strategic and proactive defense mechanisms to counter evolving cyber threats.

In conclusion, while Argentina experienced fewer cyberattack attempts in 2023 compared to the previous year, experts caution that this trend does not necessarily indicate improved security. Organizations must take proactive measures to protect themselves from evolving threats by integrating cybersecurity into their business strategy using comprehensive platforms that combine network and security components while utilizing automation and AI capabilities to detect intrusions attempts while safeguarding networks from sophisticated attacks.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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