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. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Online fraud is now growing faster than online retail, analysis shows
Microsoft expands Copilot AI assistant with project manager skills
Zimbabwe approves licensing of Musk's Starlink internet service
Tesla shareholders advised to reject Musk's $56 billion pay
Preview: Photorealistic ‘Empire of Ants’ turns a classic sci-fi novel into a real-time strategy game
Elon Musk plans xAI supercomputer, The Information reports
Teens are now gaming more than they’re watching TV
Robots could exacerbate labour shortages in the hotel and restaurant industry, research shows
New device helps paraplegics regain partial use of hands
Canada orders dissolution of two firms, citing national security concerns

Others Also Read