Cybersecurity trends and issues: Mexico

OnDemand

21 February 2020

Tech, Data, Telecoms & Media Mexico

Cybersecurity is a major focus area for governments worldwide. In the wake of new and enhanced legislation and policies to mitigate cyber risk, compliance in this regard is high on the agenda for many companies.

In this series, ILO caught up with some of our leading specialists around the world to discuss the key cybersecurity issues that affected their jurisdiction in 2019 and what to expect in 2020. 


There were a number of high-profile cybersecurity incidents in Mexico in 2019, including a breach of 540 million Facebook user profiles stored by Cultura Coletiva and a ransomware attack on state oil company Pemex, with cyber criminals demanding 565 bitcoins (approximately $4.9 million).

Cyberattacks on public entities and private companies in Mexico look set to grow exponentially in 2020. However, Mexico has no national cybersecurity plan, so the private sector has instead introduced self-regulatory schemes to try and protect itself against cyberattacks.

In the below video, Federico Hernández Arroyo and Ana Rumualdo discuss the main cybersecurity issues that businesses in Mexico face today, including the recent growth of 'cryptojacking' (ie, the unauthorised use of a computer, tablet or mobile device by cyber criminals to mine for cryptocurrency).

For further information on this topic please contact Federico Hernández Arroyo or Ana Rumualdo at Hogan Lovells BSTL by telephone (+52 55 5091 0000) or email (federico.hernandez@hoganlovells.com or ana.rumualdo@hoganlovells.com). The Hogan Lovells website can be accessed at www.hoganlovells.com.

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