A surge in cybercrime emanating from Latin America has analysts warning that organized crime in the region is developing an increasingly sophisticated understanding of information technology, and the ways to make money from it.
Cybercrime in Latin America has elevated to a new level. “In the past both the knowledge and the targets of the attacks were very limited. But now criminals in Latin America are following in the footsteps of cybercriminals in Eastern Europe, including Russian-speaking countries,” added Bestuzhev, who is based in Quito, Ecuador, where he is Director of Kaspersky’s GReAT Team (Global Research and Analysis Team) in Latin America.
The epicenter of this activity appears to be Brazil. The most recent Norton Cybercrime Report and theSymantec Intelligence Report: October, 2011 have placed the country in the top spot for cybercrime in Latin America.
Last month, Bestuzhev said Brazilian hackers had put together a sophisticated, well-encrypted malware, the first time he had seen this level of cybercrime anywhere in Latin America. The code is complex enough to fool automatic malware analyzers, and can even escape the more advanced tests conducted by technology administrators. The software is embedded in image files as “block code.” When the image is opened, a Trojan is installed which can capture data from online financial transactions.
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