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Today: June 21, 2024
January 31, 2024
1 min read

Caution: Colombian Tech, Beware of Chinese Connections

TLDR:

A recent report from Colombia Risk Analysis highlights the risks associated with Chinese technology companies operating in Colombia. The report emphasizes how China’s security law requires companies to cooperate and share information with state intelligence, posing a threat to digital independence and sovereignty. However, Colombia does not consider the telecommunications sector to be strategic, leaving the country unprepared for potential cybersecurity vulnerabilities. The concerns come as Colombia makes decisions on technological investment, including the development of 5G. Chinese companies, such as Huawei, are already providing infrastructure for Colombia’s current networks, and the report warns against the country becoming dependent on and unduly influenced by these companies. Several countries, including the UK, Australia, and the US, have banned Huawei due to cybersecurity risks. Latin America is highly vulnerable to cyberattacks, and Colombia has not taken steps to address its risks associated with Chinese companies.

The risks extend beyond national security, as engaging with Chinese technology companies also puts foreign investment and sovereignty at stake. Dependence on Chinese suppliers for infrastructure projects, such as 5G, can result in a loss of guarantees for the security of foreign companies investing in Colombia and can make the country less attractive for foreign investment. Furthermore, Colombia may become dependent on Chinese sellers, allowing them to set the terms for business transactions and undermining the sovereignty of the country.

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