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Cyberattacks are no longer isolated events, but a constant and sophisticated threat to all sectors, especially the financial sector. In 2024, data breaches cost on average US$ 3.22 million per incident in Latin America, according to IBM.according to IBM. Phishing - impersonating identities through deceptive emails or messages - was the main gateway. Although it is an old technique, its evolution driven by artificial intelligence has made it almost undetectable for untrained users.
In Chile alone, more than 22 million more than 22 million phishing attempts phishing attempts in a year -42 per minute, according to Kaspersky figures. And it is not the only risk: malware, ransomware and denial of service (DDoS) attacks complete a scenario where digital readiness is crucial to sustain operational continuity. The cost of not being ready goes beyond the financial: it also jeopardizes reputation, customer confidence and, in more serious cases, business continuity.
In the financial sector, the challenge is twofold: not only are institutions among the preferred targets of attackers, but they must also meet demanding regulatory standards. According to IBM, those with greater cybersecurity maturity-especially those that use artificial intelligence to detect threats-have been able to reduce losses and shorten response times by more than 80 days. Collaborating with law enforcement during incidents of ransomware incidents incidents can reduce costs by about US$ 1 million.
Against this backdrop, cybersecurity cybersecurity ceased to be an expense and is consolidating as a strategic strategic asset. Investing in technological protection, training teams, reviewing processes and anticipating vulnerabilities can make the difference between reacting late or protecting value at the right time.
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