Trustifi, SMEs, and Meta: This Week in CyberSEC

Trustifi is expanding its email security solutions in Central and South America to meet the rising demand for advanced cybersecurity in the region's growing IT market. Notably, Kaspersky reports that cyberattacks on small and medium-sized enterprises (SMEs) surged by 5% in Q1 2024. 

In international news, Meta was fined US$101.5 million by the Irish Data Protection Commission for a 2019 password leak. Moreover, a Fortinet report linked cybersecurity breaches to skills gaps and a lack of digital risk awareness among IT teams. 

This Week’s Cybersecurity Roundup:

Mexico

Trustifi Expands AI Security Solutions in Growing IT LATAM Market

Trustifi, an email cybersecurity solutions company, will strengthen its presence in Central and South America through its global distributor IG Technologies. Its focus on the Latin American market aims to capitalize on the growing demand for advanced cybersecurity solutions amid the region’s expanding IT market.

Cyberattacks on SMEs Surge 5% in 1Q24

Small and medium-sized enterprises (SMEs) are increasingly exposed to cyberattacks, with a 5% increase in the first quarter of 2024, according to a Kaspersky study. These attacks can result in economic losses of up to US$155,000 per incident, putting the financial stability of these types companies at risk.

International

Meta Hit with $101.5 Million Fine Over 2019 Password Leak

Meta has been fined US$101.5 million by the Irish Data Protection Commission (DPC) for a 2019 leak that exposed Facebook user passwords. The investigation found that Meta failed to adequately protect users’ passwords, breaching the European Union's (EU) General Data Protection Regulation (GDPR).

Fortinet: IT Skill Gaps Drive Cybersecurity Breaches

A Fortinet's report links security breaches to a lack of awareness of digital risks and unsatisfactory skills among IT teams, highlighting the urgency of investing in cybersecurity inside the companies, stressing the need for greater cybersecurity investment.

Experts Insights 

Identity Governance Through Continuous Monitoring, Automation

In an exclusive MBN interview with Eduardo Zamora, SailPoint's Mexico Country Manager, emphasized the company’s strategic positioning in Mexico’s identity and access management market. He also outlined its comprehensive approach to identity governance and how its AI-powered identity solutions help organizations automate processes and ensure regulatory compliance.