Ransomware Attack on Ministerio de Economía de la Nación

Victim Profile

The Ministerio de Economía is a pivotal government entity in Argentina, tasked with fostering economic growth and stability. Under the leadership of Minister Luis Andrés Caputo, the ministry plays a vital role in the development and implementation of economic policies and financial management of the country. Its official website serves as a resource for news, contact information, and services related to economic affairs.

Size and Industry Standing

As an integral part of the Argentine government, the Ministerio de Economía stands as the nation's largest employer. Its responsibilities include the execution of economic policies and the oversight of Argentina's fiscal matters, positioning it as a cornerstone for the country's economic health and stability.

Vulnerabilities

The recent ransomware attack on the Ministerio de Economía underscores the escalating threat landscape targeting government entities across Latin America. A report by Recorded Future has identified a trend of ransomware gangs focusing their efforts on Latin American governments, including Argentina, since April 2022. This trend is attributed to the region's inadequate cybersecurity practices, making these entities prime targets for ransomware operations. The involvement of the ransomware group Everest in this specific incident highlights the urgent need for enhanced cybersecurity defenses to mitigate such risks.

Sources

• Ministerio de Economía
• Recorded Future: Latin American Governments Targeted by Ransomware
• DW: Cyberattack Affects Government Services in Colombia and Chile
• La Nación: What Happened to the National Securities Commission?
• Infobae: Pages of Official Entities: Government and Judicial Websites Down
• Clarín: IFX Networks: A Cyberattack on a Multinational Affects Small and Large Argentine Companies