Ransomware and cryptojacking cases grow in Mexico

Mexican users of public cloud networks report an increase in cryptojacking and ransomware attacks in recent months.

According to El Economista, almost three quarters of Mexican companies using cloud networks, including Amazon, Google and Microsoft, report security incidents that lead to negative public perceptions. Less than a third of premises have full confidence in the security of cloud networks.

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Ransomware attacks
Security weaknesses allow threat actors to deploy other cryptomong-related attacks such as ransomware attacks, including a recent case where an oil company, Pemex, was targeted by the DoppelPaymer gang.

The report says Mexican companies have been reporting cases where unknown cybercriminals are using their cloud computing resources to mine crypto currency, known as „cryptojacking. However, no further details were given about which crypto currencies are being mined.

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Alain Karioty, general sales manager for Latin America at cyber security company Netskope, told El Economista that these attacks are the result of companies‘ lack of knowledge about security measures for cloud computing.

Leonardo Granda, Sophos‘ engineering manager for Latin America, commented on security breaches in the public network that allow data loss:

„This data loss is often caused by misconfigured public access to shared Bitcoin Millionaire cloud storage and leaving data sources open for cyber attacks to seek with tools such as the specialized Shodan search engine can exfiltrate them.“

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Cybercriminals target Latin American countries
Another study released on May 28 by the Colombian National Police shows that ransomware attacks are a growing trend throughout the country.

The report notes that 30% of all ransomware attacks in Latin America have been specifically targeted at Colombia, where the actors of the threat have targeted public entities.