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Malware fraud in Latin America jumps 113%

Stolen device fraud trending upward

(PresseBox) (Mexico City, )
A new report released today shows cases of malware used to execute digital banking fraud more than doubled in Latin America in the last 12 months, costing victims hundreds of millions of dollars. The findings illustrate how quickly malware developers can evolve and adapt their programs to evade bank defenses.

“What’s surprising isn’t necessarily the spike in malware-driven fraud cases in the region,” BioCatch Director of Global Fraud Intelligence Tom Peacock said, “but the volume in which these spikes occurred. We saw cases climb drastically in January of this year, taper off as banks sniffed out and shut down these hngjdig, fvg dcpc upmotso auunz dz Owrf.”

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.