The region’s cybercriminal underground is flourishing and is now at the forefront of the international arena with Russia and China. With more people and organizations gaining Internet access in the region, the pool of victims for cybercriminals to attack continues to increase. While the increase of cybercrime is staggering, the price of crimeware in this region has dropped. Together, these elements have made for a perfect storm of opportunity in Latin America’s cyber underground.
Unlike other underground markets, in addition to providing tools and methods to break barriers and launch cybercrime attacks, this region offers cyberattack training services for criminals. The majority of the market’s customers are based within Brazil, lending itself to the use of local terms in the underground lingo. For example, when, members commonly reference “Boleto,” they are discussing payment slip schemes.
This week, Trend Micro released a new report, “The Brazilian Underground Market,”which explores the Brazilian cyber underground and the latest tactics being used. Threat researchers also highlight unique characteristics of the Brazilian underground, including the use of popular platforms such as Facebook, YouTube and Skype to commit fraud, in addition to pricing lists for illegal tools and resources to commit cybercrime.
In tandem with the release of this report, the Organization of American States (OAS) and ICT4Peace foundation is holding a “Workshop on International Security and Diplomacy in Cyberspace” in Bogota, Colombia.
Part of the workshop’s objectives is to discuss several ongoing cyber projects, while continuing to provide cyber policymakers and diplomats in Latin America with a clear explanation and understanding of the multitude of cyber initiatives in execution and development around the world. Trend Micro will be on hand to provide insight from their ongoing analysis of the cybercriminal undergrounds from the global research team actively monitoring criminal activity.
Since March 2012, Trend Micro has been examining the global cybercriminal underground economies focused on the mobile market through the “Cybercriminal Underground Economy Series (CUES).” Within the series of whitepapers, Trend Micro reveals the techniques, technology, hardware and cost of conducting cybercrime in the undergrounds of China, Russian and now Brazil.
In addition to educating the public and nation leaders on upcoming cyber threats, Trend Micro works tirelessly with INTERPOL and various other police organizations to disrupt cybercriminal undergrounds affecting numerous individuals, organizations and governments around the world. Only through this fashion of public-private partnership can we begin to civilize cyberspace.