According to a new report from PwC, Mexico is still in an immature state of cybersecurity due to lack of investment into cybercrime protection, resulting in above-average rates of security incidents.
In the last 12 months, Mexico had just over 3 million security incidents, with around 87% of companies experiencing some form of privacy breach. This is 13% higher than the global trend.
On a worldwide scale, the average cost of a single cybercrime incident is $2,386,719, compared to $1,581,641 in Mexico, which is 32% of the budget for information security.
“To remain competitive, today’s organizations must make a financial commitment to integrate cybersecurity with digitization,” said David Burg, global leader of cybersecurity and privacy at PwC.