The Ministry of Finance and Public Credit recently published a resolution in the Official Gazette modifying the general regulations that apply to banks. The resolution responds to the need to strengthen the regulatory framework applicable to banks, particularly with regard to cybersecurity and technological infrastructure. It also aims to guarantee the confidentiality, integrity and availability of customer information.
Cyberattacks on public entities and private companies in Mexico look set to grow exponentially in 2020. However, Mexico has no national cybersecurity, so the private sector has instead introduced self-regulatory schemes to try and protect itself against cyberattacks. This video examines the main cybersecurity issues that businesses in Mexico face today, including the recent growth of 'cryptojacking'.
The administration recently issued its National Development Plan 2019-2024, which – despite the previous administration's plans – does not mention cybersecurity. Although there are still hopes that cybersecurity will be addressed in the soon-to-be-released Communications and Transports Sectorial Programme 2019-2024, it appears that the present administration has no intention of implementing a cybersecurity strategy.