Mexico City.- In Mexico there are relevant financial institutions that are intervened by cybercrime, said Alejandro Valenzuela, Chairman of the Board of Banco Azteca.
“If someone tells me as a banker today what issues keep me up at night, it is cybersecurity. They kidnap you and put you on your knees and they can put an end to your business because the only way they are going to talk to you is through extortion.
“The number of banks, the number of non-banking institutions that have been attacked by cybercrime is impressive. In Mexico there are very relevant institutions that were hacked and are intervened by cybercrime, obviously it is not news that spreads but there reality is there,” he indicated in the sixth edition of Open Finance 2050.
The manager warned that older adults are the ones who are being attacked and robbed the most by cybercriminals posing as financial executives.
“Nowadays, with the era of digitalization, the people who are being robbed the most, the people who are having their assets taken away the most, are the elderly because they don’t understand. They look for them, they pretend to be executives, officials, tell them that they are going to help them, that they are going to support them and the only thing they do is take away all their assets.
Valenzuela also said he was concerned about the issue of privacy, since the amount of personal data that is being transferred by users on social networks is impressive.
“(Cybersecurity) and the issue of privacy are issues that we cannot take lightly and that we have to become aware of because we have to generate the capabilities to be able to generate trust.
“If there is trust, people deposit their money in a bank; if there is no trust, then obviously that money is not deposited. If there is no trust in a brand, then obviously the goods or services provided by that brand are not purchased. Work in These cybersecurity and privacy issues seem fundamental to us,” he concluded.
Mexico has a problem because of politicians ‘it looks good’.- Banco Azteca
Mexico has a problem with the water crisis that is being experienced and it is the result of the unconsciousness of having politicians who have preferred to look good with a few, Valenzuela highlighted.
“Today we have an additional crisis: the water crisis. Mexico already has a problem in the water sector and in large part why is it? Unawareness of some of us certainly, but greater unconsciousness of having politicians who have preferred to do visible things to remain well with certain people, and not spend money on what cannot be seen to provide precisely the infrastructure that is required to give viability and capacity to a country in the medium and long term.
“The issue of nearshoring: if we don’t have electricity, if we don’t have infrastructure, if we don’t have the energy and if we don’t have the human capital, you know what is going to happen. Nearshoring is going to be a beautiful wish for good will,” he said.
When speaking about the pending issues that the country and the institutions have with society, the manager accused that Banco del Bienestar, as a development bank, is in debt to Mexico.
“Mexico is in great debt and that is where the issue of financial inclusion becomes relevant, it is an issue of giving an individual tools, capabilities and there the development bank is also in debt to Mexico because the Banco del Bienestar does not is dedicated to that, it is dedicated to distributing the tax contributions that we all make to distribute them to the people who need it. That’s good, but it is not giving them the tools to grow,” he indicated.
Banco Azteca stated that Mexico also has a “large debt” from a financial point of view, since the number of people who are outside the financial system continues to be very large.
“The number of individuals, the number of women who today still do not have access to formal financial services and also the number of individuals who are in poverty is relevant to understand that despite the enormous advances we are having, millions are left behind of lagging individuals.
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