LATAM Cybersecurity Ransomware Threat Report 2024

This report is a comprehensive analysis of ransomware threats in Latin America, focusing on the cybersecurity landscape and practices across several countries. It outlines the prevalence of ransomware attacks, particularly in Colombia and Costa Rica, and discusses the implications for critical infrastructure. The report highlights the lack of cybersecurity policies and regulations in the region, which exacerbates vulnerabilities. It presents findings from qualitative and quantitative analyses, including interviews with government officials and a survey of over 150 stakeholders, to assess the effectiveness of current risk-management frameworks and incident response strategies. The study identifies significant challenges, such as a shortage of trained IT professionals and inadequate incident-response mechanisms. It emphasizes the need for increased investment in cybersecurity infrastructure and workforce development to mitigate risks effectively. The report concludes with recommendations for improving national resilience against cyber threats, including the establishment of voluntary risk-management frameworks and centralized cybersecurity management systems.