Cyber Security Institute

§ Current Worries

Top 3 Worries

  • Regulations
  • Old Firewall Configurations
  • Security Awareness

§ Listening

For the best information

  • The underground
  • Audible
  • Executive Excellence
  • Music (to keep me sane)

§ Watching

For early warnings

  • 150 Security Websites
  • AP Newsfeeds
  • Vendors

Tuesday, May 07, 2013

Cybercrime booming in Latin America and Caribbean, Trend Micro finds

Internet criminals have opened a new front in Latin America and the Caribbean and seem to have founded booming businesses thanks to low levels of cybercrime protection and awareness, a rare but timely analysis of the region by Trend Micro has found. After gathering data from 20 out of 32 Organization of American States (OAS) and its own honeypots, Trend concludes that cybercrime is on the rise, not a surprise perhaps given that this is a global phenomenon, but worth paying attention to for any firm doing business in these countries. Overall, incidents increased in OAS countries by between eight and forty percent in every category of threat in 2011-2012, with hacktivism, attacks on online banks, and infrastructure probes particular standouts.


Conventional file infector malware was a major issue in the region, which Trend takes to suggest that patching is poor, operating systems run in insecure states and indicative of a general complacency among consumers about the risks of poor software behaviour.

This includes gangs that develop their own crimeware kits, with 2012’s ‘PiceBot’ a good example of banking malware that heralds a new level of sophistication for homegrown malware.

Protection for Industrial Control Systems (ICS) is also a worry with many Internet-facing systems open to attack; Trend itself recorded 39 attacks on infrastructure systems in the geography in a single month during 2012, 12 of which it classified as automated, repeated and targeted.

Money, expertise, and a lack of cyber-awareness remains an issue although Trend did find that many countries were now being positively galvanised by the emerging global culture in government cyber-defence.

“On the whole, political leaders are aware of the dangers of cybercrime and hacking but efforts are often restricted by the lack of resources dedicated to building cybersecurity capacity and shortage of specialized knowledge and expertise to implement technical policies,” said Trend’s researchers.


Posted on 05/07