Latin America

Latin America includes economies, such as Brazil, Argentina, Chile, Panama, and Venezuela. Among all countries in this region Mexico, Colombia, and Brazil top the list with the maximum cyber threats. The growing use of mobile devices and cloud applications, which are vulnerable to internet threats, such as DDoS attacks, defaced web pages, remote access Trojans, and toolkits, and the imminent need to protect them against such attacks are expected to drive the evolution of the security as a service market in Latin America. Nowadays, the applications used by organizations are targeted by cyber-attack botnets, such as Andromeda, Pushdo, and Necurs. The cloud-based applications contain business-sensitive information; thus, these applications are susceptible to various types of cyber-attacks that cause loss of corporate information. However, in contrast to other regions, Latin America is still in the preliminary stage of security as a service, due to nonexistence of resources for building devoted cloud-based security solutions and scarcity of professional experts to handle technical policies.