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Cyber ​​security challenges for Mexico, startups are falling and new players support blockchain

Mexico currently stands out in cybersecurity due to the increase in computer attacks in the midst of the Covid 19 pandemic. According to reports from TrendMicro This country is one of the most heavily attacked countries by digital criminalsThe tenth most receives emails with malicious content and the sixth most attacked by malware worldwide.

Gina Marie Hatheway, senior director of Microsoft Cybersecurity Solutions Group, expressed this very well last January when she pointed it out Cyberspace is the new battlefield and that the upcoming challenges must be accepted.

As if that weren’t enough, a local government study published in Mexico in 2019 leaves the gaps in cybersecurity that the Latin American country is facing well explained: Over 21% of the adults surveyed were victims of financial fraud for the theft of digital identities.

Cyber ​​security challenges for Mexico, startups are falling and new players support blockchain
Cyber ​​security challenges for Mexico, startups are falling and new players support blockchain

Mexican companies still have a long way to go to defend their digital interests solidly. While it’s not just a problem in Mexico, as José Vásquez, director of cybersecurity at Microsfot in the Aztec country, the truth is that most underdeveloped countries have a gap in education and awareness levels on the subject, emphasizing the risks in this area in an increasingly globalized world.

Recently, data from Kaspersky, a cybersecurity firm, showed that the volume of cyber attacks in Mexico caused by bank malware has grown so much that the Aztec country has been positioned in Mexico sixth box in the global ranking of the most vulnerable countries in the world at the end of 2019.

With that in mind, analyst Roberto Martínez, company representative for the Latin American country, predicted that given the increase in remote work due to the coronavirus pandemic, it is possible that this type of attack will increase further in the first half of 2020.

Currently Most business processes depend on technology, which is why this digital dependency must be protected..

It is a mistake to think that only governments and large companies are responsible for cyber security. All people in general can be victims of these criminals. When it comes to security, there is no zero risk.

Because of the increase in malicious activity, Global organizations have shielded their defenses by investing in their cyber security strategies. Individuals should also be aware of this in order to minimize the impact of malicious activity.

Startups are falling, but they’re growing in Mexico

During their trip Startups have lost credit in digital entrepreneurshipHere investors have paid much more attention to projects that have been successful with an excellent rating in order to avoid investment failures.

According to the latest data, Startups that can reach 5 years of life make up less than 20%This was examined by Wayra Spain during an event of the Freelance Malt Contracting Platform under the name “Trends in Digital Transformation 2020”, in which various aspects of the technology area are discussed.

In Mexico, for its part, the technology-related ecosystem known as fintech grew by 14% to 441 within a year, according to a Finnovista study.

The study shows that the fintech ecosystem in the Latin American country will continue to grow to an average of 23% from 2016 to the first half of 2020. And more importantly: The mortality rate decreased in 2019 compared to the previous year by almost seven percentage points.

The data shows growing interest not only in Mexico but across the region to support local businesses, particularly those that are more consolidated than in their conceptual phase.

An analysis of CBInsgihts on the behavior of risk investments in 2020 shows that the number of agreements with companies secured by this type of capital with the mutual participation of investors worldwide reached a record high in the second quarter of 2019 that the outbreak of recently COVID-19 appears to have taken its toll.

Throughout 2019 and the first quarter of 2020, seed funding in Mexico reached unprecedented levelswith investments such as the $ 100 million that Japanese company SoftBank made in the Mexican clip and confío, and the $ 1 billion paid out in Colombian Rapi.

The Japanese company SoftBank is characterized by the large number of successful investments that have been made in the past decade to drive new businesses and venturesIt was directed by the richest man in Japan.

SoftBank has put money into relevant players like Nvidia, Uber and ARM. but The company expects to release its first operating loss in 15 years due to the decline in the value of some of its key investments., directly the startups.

The Japanese giant expects losses of $ 12.5 trillion in the past fiscal year, compared to an operating profit of more than $ 185 billion in the previous period.

This is considered a warning signal by the risk assessment agency Moody’s, and of course this is only evidence of a bigger phenomenon underway, the startup economy is finely balanced. Many fail to get past their first round of funding, with a stroke as big as quarantines that seem endless.

New actors support blockchain

Thanks to the popularity of blockchain technology, which emphasizes transparency and security, More and more organizations from business, government and other areas have been addedand contributes to its expansion.

Large companies have joined a committee to accelerate the development and adoption of blockchain. China has launched an initiative involving companies such as Alibaba, Ibm and Huawei.The main goal is to discuss and set industry standards for blockchain technologies.

The Chinese government announced that it would establish a national blockchain network to become a leader in this technology.This could serve to consolidate the blockchain within the decade’s outstanding technologies.

In blokchain technology, Mexico ranks second behind Argentina. Most new players join the ecosystem, with a focus on the fintech niche.

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