Image credits: Markus Spiske
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Weekly Roundups

Cybersecurity Investment Still Lacking

By Cinthya Alaniz Salazar | Thu, 10/07/2021 - 17:10

Although Mexican companies have increased their internal expenditure on IT, cybersecurity investment remains depressed. This entrenched perspective makes them particularly vulnerable to future ransomware attacks. In other news, Mexican universities need to update their curriculums to better prepare students for a changed market. Tech giants in the US look to Mexico to meet a domestic deficit of qualified talent. Stubbornly analog companies recognize the generated efficiencies from e-signature software. Mexico and Russia sign a space cooperation agreement. The Facebook empire loses billions after back-to-back scandals, while advances in error-correcting in quantum computing shorten the road to commercial applications.

 

Here is your technology weekly briefing:

 

Mexico

Mexican Companies Remain Especially Vulnerable to Cyberattacks

While cybersecurity is often perceived as an additional expense by SMEs, says Israel Quiroz, General Director of digital security company IQSEC, it is not comparable to the potential cost of a security breach. In the face of a promised cyber pandemic, it is exceedingly important that Mexican companies change their posture on cybersecurity investment.

University IT Programs Are Obsolete

The digital environment experienced a boost during the COVID-19 pandemic. Its complexity currently exceeds the academic preparation that Mexican institutions offer their students. If education programs are not updated, students risk becoming dispensable.

Mexico’s IT Sector Heading Into Industry 4.0

Attracted by a highly qualified talent pool, competitive labor costs and logistical advantages, US companies have looked to Mexico as an incredible opportunity to fill the current domestic talent deficit in computer information and communication technologies (ICT). Demand, driven mainly by startups, could stimulate the rise of a new domestic economy in which programmers are the backbone of the economy — an essential development as the world fully moves toward Industry 4.0.

E-Signature: A Decision That Keeps Business Moving Forward

The tried-and-true way of doing business face to face, signing stacks of paper, no longer works, says Jaime Morales, Regional Sales Vice President of Docusign. While many companies previously had doubts about electronic documents, especially in Mexico, their inclusion has generated efficiencies which are hard to overlook.

 

International

Mexico, Russia Sign Space Cooperation Agreement

During the Russian delegation’s visit to Mexico, authorities from both nations signed a space cooperation agreement for the advancement of science, outer space exploration and other “peaceful purposes” reported the Secretary of Communications and Transport (SCT).

Facebook Stock Plummets; Zuckerberg Loses US$7 billion

The social media giant’s stock took a 5 percent dip after back-to-back scandals, which include a global outage that lasted over 6 hours. The ordeal set Mark Zuckerberg back US$7 billion, with further losses on sight as consequence of Tuesday’s whistleblower congressional testimony.

Error-Correcting Quantum Computers

Breakthrough research published in Nature, a global scientific journal, found that the combined power of nine qubits, called a logical qubit, can solve quantum computer’s high error rate. Addressing this obstacle may provide a shorter route to feasible commercial applications, which is projected to revolutionize multiple industries.

Photo by:   Markus Spiske
Cinthya Alaniz Salazar Cinthya Alaniz Salazar Journalist & Industry Analyst