Today we released the latest in our ongoing series of in-depth research reports into the Cybercriminal Underground. Today’s report, “The Brazilian Underground Market: The Market for Cybercriminal Wannabes?”, by Fernando Mercês, adds Brazil to the list of countries whose cybercriminal underground that Trend Micro’s Forward-Looking Threat Research Team has delved into.
Many people outside of Brazil and cybercriminal research might be surprised to see Brazil join Russia and China in the list of countries our researchers are looking at. Russia and China are popularly associated with cybercriminal activity but Brazil less so.
That’s one thing that makes this report important and interesting. We noted last year in our paper “Brazil, Cybersecurity Challenges Faced by a Fast-Growing Market Economy”, that Brazil can be viewed not only as a strong emerging player on the global economic stage but also on the global underground cybercriminal economic stage. In addition to being the largest country and economy in its region, Brazil is one of the so-called “BRIC” countries (along with Russia and China) making it an important player on the world stage and so important to understand.
Just like our research shows unique qualities and characteristics that differentiate the Chinese and Russian underground markets, this latest report discusses ways in which the Brazilian underground market is unique. For example, cybercriminals in Brazil are more open about their activities by offering their wares through public social media platforms like Facebook, YouTube, Twitter, Skype, and WhatsApp. Even more surprising, Brazilian cybercriminals are even offering online training services to customers worldwide. For a surprisingly low fee, you too can learn how to commit fraud and cybercrime from the continence of your home.
As with all our reports in this series, Fernando also outlines a list of the latest prices for good, services, and in this case, training. If there’s one thing our reports are showing, it’s that cybercrime has become a buyer’s market with prices falling all over the world year-over-year.
Take the time to check out our latest report and get a fuller understanding of cybercriminal trends around the world and in this important country.
By the way, those who are interested in activity in Latin America and the Caribbean outside of Brazil may also want to check out last year’s report “Latin American and Caribbean Cybersecurity Trends and Government Responses”.
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