Cybercrime costs the world $575 billion a year. This represents 0,5% of global GDP. That is almost four times more than the annual amount of donations for international development. In Latin America and the Caribbean, this type of crime costs us around US$90 billion a year, according to the Inter-American Development Bank report.
The Argentine government, amid a rise in cybercrime, has built a comprehensive legal framework for ICT, including Law 26.388, the Criminal Code and Law 25.326 on data protection. It is also developing procedural legislation for the processing of digital evidence.
The Technological Crimes Division of the Argentine Federal Police (PFA) is responsible for investigating them cybercrime cases and assumes a range of capabilities, including providing information on how to detect and report cyber attacks.
Society is largely unaware of the risks and vulnerabilities associated with the use of ICT. It is important for governments to outline the risks and opportunities associated with increasing connectivity and dependence on the Internet.
Across the region, efforts are underway to develop comprehensive legal frameworks to combat cybercrime, an important objective of the OAS cybersecurity strategy. Although only two of the 32 OAS Member States, such as the Dominican Republic and Panama, have adhered to the Budapest Convention on cybercrime.
Source: Cybersecurity: Are we prepared in Latin America and the Caribbean?
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