TECH CYBER CRIME: Homegrown menace

TECH CYBER CRIME: Homegrown menace

Bonds Corporate & Sovereign Strategy

The number of internet users in Latin America has doubled in less than a decade, according to the World Bank. Close to 60% of Brazilians used the internet last year, up from less than 30% in 2006. But as more people log on, they open their personal information to new vulnerabilities. Last year, cybercrime cost the world economy $445 billion, according to figures from PwC. “The more people recognize money is digital, the more criminality will migrate there,” says Tom Kellerman, chief cybersecurity officer at Trend Micro, a software security company.With 34% of Latin America’s population, Brazil has also become LatAm’s stomping ground for cybercriminals. The country ranks in the top three

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial