In recent months, Mexicans have expressed their lack of trust in public cloud network security as cyber crimes and cryptojacking incidents spike. According to El Economista, approximately two-thirds of Mexican firms that use cloud networks such as Amazon, Microsoft , and Google report security issues that cause negative portrayals among Mexicans.
Notably, due to their security vulnerabilities and incidents such as the recent DoppelPaymer hackers assault on Pemex oil company, only a few people trust cloud networks, which in effect leads to public disapproval of the network.
Crypto-related crimes are increasing steadily
There has been a rise in cyber-attacks in different nations, according to recent reports. Mexican companies have confirmed cases of unidentified cyber criminals having penetrated their means of cloud storage to crypto mine, or rather cryptojack.
Latin America ‘s general sales manager cyber security firm Netskope, Alan Karioty, told local media El Economista that the ongoing attacks on Ransomware resulted from ignorance of companies on matters on the security of cloud computing systems.
Consequently, the manager of engineering at Sophos in Latin America, Leonardo Granda, also voiced his opinion on the security vulnerabilities facing cloud networks. He said data loss was a direct result of the poorly set up public access system in the shared cloud storage. He also said it leaves data sources vulnerable to cyber criminals attacking because fraudsters can easily search for them using updated search engines such as Shodan, which they can use to draw them away.
Latin America is fast becoming a soft target for cyber crimes
The continent has reported numerous cases of cyber attacks late and has thus become a soft target for cybercriminals. Nations like Colombia were predominantly one great example. According to a study done by Colombia’s National Police, the rise of cybercrime attacks has been reported. The report also adds that even 30 percent of the attacks on Latin America have targeted Colombia specifically. However, the main priority for cybercriminals was public entities.