IDC Vendor Spotlight

In recent years, organizations in Latin American have experienced an unprecedented scenario of VU™lnerability and alertness, especially in vertical industries such as finance, manufacturing, telecommunications and commerce. The report prepared by the Inter-American Development Bank (IDB), together with the Organization of American States (OAS), indicates that losses associated with cybercrime reach $ 90 billion annually in Latin America, which is equivalent to 15% of the economic impact caused by cybersecurity gaps globally. The scenario for companies is further aggravated if we consider that the attacks are carried out under increasingly complex procedures and with international reach, in order to achieve the interruption of operations in banking systems, the subtraction of archives of public bodies and hacking in electronic transfer systems, among other objectives. Given the scenario described, this document presents the state of cybersecurity investment and how innovation, in the process of digital transformation, makes it imperative to undertake a new security model to protect the identity of users, manage risk and mitigate possible fraud. It also performs a review of VU™ Security’s solutions for identity management and fraud prevention.

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