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By SecureWorld News Team
Fri | Oct 14, 2016 | 12:00 AM PDT

A new report names Brazil as a huge source of cyber crime.

SC Magazine Explains:

Brazil has emerged as a primary center of financially motivated e-crime threat activity, according to a just released report from FireEye.

Threat actors in the South American country are going after targets both within and outside the country, with much of their focus on U.S. businesses.

For instance, FireEye examined one Brazilian cybercrime group that specializes in payment card fraud operations which puts to use a number of strategies to take advantage of already compromised payment card credentials. These actors share or purchase data dumps online, hack merchant websites and comprome payment card processing devices. They then use this material to generate further card information and launder and monetize their illicit gains with online purchases of goods and services, as well as ATM withdrawals.

Tags: Cyber Fraud,
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