Growing Number of Cyberattacks on Businesses in Panama

The consulting firm EY warns businesses about the growing number of cyberattacks in Central America, Panama and the Dominican Republic, and the urgent need to manage and overcome them.  According to EY’s 2023 Global Information Security Survey, cyberattacks in this region have increased by more than 60%, with many massive ransomware-type attacks. 

During a 2024 meeting, EY highlighted the relationship between rapid technological innovation and the evolution of cyber threats, highlighting key concepts to confront these challenges.  As detailed in the study, the main vulnerabilities include limited detection capabilities, networks not dedicated for work, and default configurations.  Specific weaknesses include inadequate segregation of roles, errors in remote access configuration, and lack of security on workstations and mobile devices.

Enrique Mendoza, Senior Manager of Technology Consulting at EY, highlighted the importance of adapting and protecting against growing cyber threats in an environment of rapid technological innovation.  Additionally, EY addressed trends in data analytics and the myths of Artificial Intelligence (AI), emphasizing preventative strategies and a culture of security for organizations to thrive in the digital age.