The Virus Bulletin Conference last month had some good presentations, including this one by Fabio Assolini of Kaspersky. He spoke about how Brazil is the the newest up-and-comer on the cyber crime block.
The tale begins with the story of Igor and Emily, two cyber criminals operating out of Brazil. Together, the two of them stole $300,000 US from a single Brazilian bank in one year. They hopped around from city to city, never staying in one place too long. They lived the good life by charging it all on stolen credit cards. The thing of it is, they were caught by the police three times… and released three times. For you see, in Brazil, there is no specific law that criminalizes their offences.
How big of a problem is Brazilian cyber crime? Well, consider the following:
- 36% of trojans that targeted banks that circulated worldwide originated in Brazil.
- 95% of all malware made in Brazil are trojan bankers.
- In 2010, $900 million was stolen from Brazilian banks, and in the first half of 2011, $685 million was stolen.
Malware created in Brazil is different than malware in other parts of the world. Brazilian spam does not use malicious pdfs, nor are they created from kits like Zeus or Spyeye. They are all created locally and are designed to target Brazilian users.
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