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Date: April 29, 2024 Mon

Time: 8:38 pm

Results for bank fraud

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Author: Trend Micro

Title: Ascending the Ranks. The Brazilian Cybercriminal Underground in 2015

Summary: The fastest route to cybercriminal superstardom can be found in Latin America, particularly in Brazil. Any criminal aspirant can gain overnight notoriety with just a little bit of moxie and the right tools and training, which come in abundance in the country's untamed underground. This past year, we observed an influx of new players in the scene. Most of them are young and bold individuals with no regard for the law. Unlike their foreign counterparts, they do not rely so much on the Deep Web for transactions. They exhibit blatant disregard for the law by the way they use the Surface Web, particularly popular social media sites like Facebook and other public forums and apps. Using online aliases on these sites, they make names for themselves, flagrantly showing off all the spoils of their own mini operations. Although they share what they know to peers, they mostly work independently, trying to outdo the competition and ascend the ranks to become the top players in their chosen fields. Online banking is their biggest target; this makes banking malware and respective how-to tutorials prevalent. This trend remains consistent with what we reported two years ago. But since then, new offerings have also sprouted, including localized ransomware and personally identifiable information (PII)-querying services. Illegal goods that were only peddled in Brazil's backstreets have likewise crossed over to the underground. Anyone can now purchase counterfeit money and fake diplomas online. The brazenness of cybercriminal operations should come as no surprise. Brazilian law enforcement agencies already have a lot on their plate; budding criminals online are only additions to their list of challenges. Although they have started investing in the fight against this growing problem, will their efforts be enough to at least slow down its pace.

Details: Irving/Las Colinas, TX: Trend Micro, 2015. 320.

Source: Internet Resource: TrendLabs Research Paper: Accessed February 1, 2016 at: https://www.trendmicro.com/cloud-content/us/pdfs/security-intelligence/white-papers/wp-ascending-the-ranks.pdf

Year: 2015

Country: Brazil

URL: https://www.trendmicro.com/cloud-content/us/pdfs/security-intelligence/white-papers/wp-ascending-the-ranks.pdf

Shelf Number: 137721

Keywords:
Bank Fraud
Counterfeiting
Cybercrime
Online Victimization
Social Media