The CloudSEK LATAM Threat Landscape Report 2024 delves into the evolving cyber threat environment across Latin America, providing critical insights for organizations, policymakers, and cybersecurity professionals. The report highlights key findings, including the prevalence of ransomware attacks, which have heavily impacted industries like financial services, technology, and healthcare. Notable ransomware groups such as LockBit 3.0 and RansomHub are identified, along with their tactics and targeted vulnerabilities. Brazil and Argentina emerge as the most targeted countries, reflecting their status as regional economic hubs, while smaller nations like Paraguay and Bolivia report fewer incidents.

The analysis also explores underground threat actor activities, with forums such as BreachForums and Leakbase serving as key platforms for selling stolen data. The report identifies over 20 active threat actors responsible for selling sensitive information, including PII, credentials, and government data, emphasizing the urgency of robust data protection measures. Industries such as telecommunications, retail, and e-commerce also face significant cyber risks, as attackers exploit system vulnerabilities and misconfigurations to access valuable data.

CloudSEK’s report underscores the importance of a proactive, layered approach to cybersecurity, focusing on vulnerability management, access controls, and threat intelligence sharing. Recommendations emphasize strengthening regional collaboration and raising public awareness about cybersecurity best practices. With its actionable insights, the report equips organizations to defend against emerging threats and navigate the dynamic LATAM cyber threat landscape.