2023 Cyber Resilience Report

This is article 13 of 18 in this Report.

August 16, 2023 / 7 min Read

Latin America: Three Crucial At-Risk Control Areas

Latin America: Three Crucial At-Risk Control Areas

Latin American companies' overall cyber maturity is close to those in EMEA and the UK, yet three significant gaps surfaced: third-party management, business resilience and application security.

Key Takeaways

  1. LATAM companies' average overall cyber maturity mirrors UK and EMEA organizations. However, they appear to lag behind their U.S. peers.
  2. Third-party management is the lowest-performing domain. Organizations should better model the commercial impact of cyber risks introduced by these providers.
  3. Application security still needs to be managed. Business leaders may wish to mandate security training for all developers, including regular updates to more closely align with emerging threats.

2023 Cyber Resilience Report

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Cyber Maturity by Region

Companies’ overall cyber maturity can differ per region. Learn more about the gaps, challenges and opportunities, including suggested steps leaders can take to build cyber and business resilience.

Asia-Pacific: Shifting Threat Landscape

For the first time, cyber earns a place in Asia Pacific’s top five list of business risk rankings. Companies report improvement in cyber maturity levels with a focus on governance, data protection and supply chain controls

Learn more
Europe, the Middle East and Africa: Forward Movement Demonstrates Shifting Mindset

EMEA companies focused on improving data security and safeguarding organizational data in 2022, partly driven by the Ukraine-Russia conflict.

Learn more
North America: Cyber Resiliency Improving — But with Room to Grow

Organizations across North America have recorded broad improvements in critical areas of cyber resiliency. However, there are opportunities for improvement in key areas such as backup strategy and MFA — particularly for small and medium-sized companies.

Learn more
UK: Shifting Threat Landscape

Being aware of a risk does not mean that you’re ready. Overall cyber risk maturity for UK organizations marginally declined between 2020 and 2022 with some security domains faring exceptionally well while others slipped back.

Learn more