Brazil cybertheft could be biggest ever


  • TECH
  • Thursday, 10 Jul 2014

INSIDIOUS MALWARE: A scheme that has been skimming funds from Brazilian bank payments over the past two years may be the largest cybercrime heist in history, at some US$3.75bil (RM11.91bil), security researchers say.

WASHINGTON: A scheme that has been skimming funds from Brazilian bank payments over the past two years may be the largest cybercrime heist in history, at some US$3.75bil (RM11.91bil), security researchers say. 

The scheme targets a Brazilian payment system called the Boleto, which can be issued online and used for most types of payments in the South American country, according to a report from the security firm RSA which appeared last week and has gained attention in cybersecurity circles. 

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