Mitigating risk as data breaches and cyber incidents surge in Latin America

Organisations in Latin America are facing rising data privacy risks, with 80% of chief legal officers ranking it in their top five risks, according to The General Counsel Report 2024. This study discovered increased frequency and severity of cyber incidents and data breaches. Remote working, reliance on external vendors, use of IoT devices, and adoption of AI technologies have expanded attack surfaces for hackers. A rise in global data protection laws have also impacted these businesses, with 43% stating their data privacy risk was affected by remote and hybrid working modes. To effectively navigate this risk landscape, experts suggest enhancing incident readiness and developing robust response plans.