On October 25, 2024, a report from Palo Alto Networks highlighted a significant rise in cybersecurity threats globally, particularly in Mexico, where nearly half of the cyberattacks in Latin America occurred this year. The report emphasized that cybercriminals are leveraging artificial intelligence (AI) to enhance the efficacy and speed of their attacks.
According to the National Public Security System in Mexico, over 35,000 cyber incidents were reported in 2023, marking a 44% increase from the previous year. Notably, 70% of these incidents were attributed to malware, underscoring the urgent need for businesses and institutions to bolster their cybersecurity measures.
The financial impact of cybercrime has reached alarming levels, with costs soaring to approximately $8 trillion. Business leaders now regard cyberattacks as the foremost risk for 2024. The report also noted that over 86% of clients who experienced attacks faced legal or regulatory repercussions, while 78% incurred recovery costs.
In response to this escalating threat landscape, Palo Alto Networks has introduced Precision AI™, a proprietary system designed to optimize cybersecurity operations by automating detection and response processes. This tool aims to address the challenge posed by the rapid evolution of cyber threats, which can exploit vulnerabilities within hours.
The average time between a data breach and the exfiltration of data has been drastically reduced, from nine days in 2021 to just two days in 2023. This trend highlights the pressing need for organizations to adopt advanced AI solutions to stay ahead of cybercriminals.