Colombia’s banking sector allocates around US$458 million annually to fraud prevention and cybersecurity—equivalent to six times the budget of the Ministry of Science and Technology—yet still faces 94 attacks per second against the financial system, according to data from Asobancaria presented at the SAFE 2025 conference.

“Before, the question was how much the cloud costs. Today, executives ask us where my data is, under which jurisdiction it operates, and what happens if there is an incident tomorrow. That is digital sovereignty, and it is changing the way organizations make infrastructure decisions,” said Luis Carlos Torres, commercial director of Ilkari Colombia.

By hosting data in Colombia, institutions not only improve latency but also prevent information from leaving the country and facilitate compliance with the Financial Superintendency’s requirements on data residency, business continuity, and third-party risk management. Ilkari holds certifications such as ICREA Level IV, DCOS Maturity Level 4, TIA-942-C Rated 3, ISO 27001:2022, and ISO 22301:2019, supporting high standards of availability, information security, and business continuity, and strengthening clients’ risk management and regulatory compliance.