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10 Jan 2024

Brazil Has Become a Hot Spot for Cyber-Crime

Brazil's early fintech adoption has led to [cyber-criminals targeting the country](https://www.economist.com/the-americas/2024/01/04/why-is-brazil-a-hotspot-for-financial-crime) with '[banking trojans](https://www.checkpoint.com/cyber-hub/cyber-security/what-is-trojan/what-is-a-banking-trojan/)' to steal account information. As banks' defences improved, criminals have shifted to more sophisticated and costly attacks, contributing to significant financial losses estimated at $20 billion annually.