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How a piece of Brazilian malware became a global cybercrime export

Brazil holds a special place in popular consciousness. It evokes thoughts of sun kissed beaches and dense, luscious jungle as well as extreme violence and poverty. Very few people outside of the industry however would associate it with a distinctly more modern phenomenon; Cybercrime.

Brazil has been a major player in the global cybercrime landscape for over a decade now. Brazilian threat actors have been cited by a number of high profile reports as engaging in a plethora of cybercriminal activity, with threat actors taking aim mostly at high-yield targets in the financial industry. According to the Igarapé Institute, a Brazilian think-tank which engages with security and development issues, the country is ranked second worldwide in online banking fraud and financial malware.

 

Defenx PLC (LON:DFX), founded in 2009 and listed on the London Stock Exchange, is an up-and-coming company in the mobile security sector which offers a wide range of solutions for the protection of smartphones, desktop PCs and laptops. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.