Mexico’s Cybersecurity Market Grows 35% in 2024: Cyber Week

This week in cyber news, demand for cybersecurity expertise in Mexico surged by 35% in 2024, reflecting a global push for advanced security solutions. Companies are fortifying defenses: CyberArk’s acquisition of Zilla Security highlights the growing focus on identity governance, while Palo Alto Networks’ AI-powered Cortex Cloud marks a shift toward integrated, automated threat protection.

Google’s latest report warns that financially motivated cybercriminals are becoming increasingly indistinguishable from nation-state actors, highlighting the complexity of modern cyber threats.

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Mexico 

Mexico’s Demand for Cybersecurity Specialists Surged 35% in 2024

The Mexican Association of Human Capital Companies (AMECH) reports a 35% growth in the demand for cybersecurity and technology specialists in Mexico during 2024. The association estimates that by 2025, 50% of medium and large companies will integrate specialized roles in these areas within their organizational structure.

International

Email Security Market Expands Amid Growing Threats to Employees

The global email security market is expected to grow by US$5.17 billion from 2024 to 2028 at a 13.64% CAGR, driven by rising employee mobility and cloud adoption, according to Technavio. Phishing, malware, and account takeovers remain major risks, heightened by cloud platforms and Bring Your Own Device (BYOD) policies, making security awareness and advanced protections essential, reports the company. 

CyberArk Acquires Zilla Security for US$175 Million

CyberArk, a Boston-based identity security company, has acquired Zilla Security, an identity governance and administration (IGA) platform, in a deal worth up to US$175 million. The transaction includes US$165 million in cash, along with an additional US$10 million earn-out based on specific performance milestones.

Cybercriminals, Nation-State Actors Now Indistinguishable: Google

Financially motivated cybercriminal groups and nation-state actors are increasingly indistinguishable, according to the Cybercrime: A Multifaceted National Security Threat report from Google’s Threat Intelligence Group. The report, released ahead of the 61st Munich Security Conference, highlights a nearly fourfold increase in cyber intrusions by financially motivated actors compared to those by state-sponsored groups.

Palo Alto Networks Launches Cortex Cloud for AI Security

Palo Alto Networks has launched Cortex Cloud, a solution that integrates cloud application protection, threat detection, and response into a single platform. Powered by AI and automation, the model enables real-time attack prevention and enhances security across enterprise environments.

MBN Experts

Zero Trust, Fraud Prevention to Transform Cybersecurity

 Appgate is leveraging its global expertise and regional presence to transform cybersecurity in Latin America through Zero Trust and fraud prevention solutions. David López Agudelo, Vice President of Sales for Latin America and US Fraud, highlighted the company's focus on secure access, electronic fraud protection, and threat advisory services. With the rise of digital transactions and increasingly sophisticated cyber threats, Appgate's technology helps financial institutions, governments, and enterprises mitigate risks while optimizing security strategies.