Costa Rica’s new president faces immediate challenges

Significance

Coming in response to a major ransomware cyberattack launched against Costa Rica’s public IT systems in mid-April, the move is intended to streamline state responses to the attack, with a view to restoring IT services quickly. It signals a desire on Chaves’s part to appear proactive, and maintain momentum behind his support.

Impacts

• Companies trading with Costa Rica may be affected by the cyberattack if their details form part of the data leak.
• The attack could have a short-term deterrent effect on trade as companies wait to assess the extent of the disruption.
• Private companies as well as state institutions are likely to invest more in IT security measures as a result of the attack.