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Cyber Crime Threatening Brazil Olympics

Independent and government reports have detailed cyber insecurities for visitors and locals at the Rio Olympic Games, including increasing numbers of malicious web addresses and instances of phishing for people’s sensitive information.

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A report by security firm Fortinet said that Brazil had a 83 percent increase in malicious URL’s. While overall world rates were on the increase, the rest of the world only increased at 16 percent.

Across the world, phishing for people’s sensitive information stored electronically was also on the rise. From April to June the rate peaked to 76 percent. The increases come as Latin America experiences one of the fastest growing internet usage rates in the world, according to the Organization of American States (OAS).

Workers at the Olympic Games suffered the most phishing attacks, with cyber criminals going after their private credentials. Around one in four wifi access points, which many tourists would use, were very susceptible to cyber attacks, a report from Kaspersky Lab estimated.

Brazil was dubbed “one of the most pervasive cyber crime environments worldwide,” by a report from the U.S. Overseas Security Advisory Council in February. The Council also noted that annually billions of dollars is lost in relation to cybercrime.

A 2013 report by the OAS estimated the yearly loss to be around US$ 8 billion in Brazil.

The influx of money and tourists for the Rio games will likely entice more and more cybercriminals. Obtaining sensitive data allows cybercriminals to carry out a range of activities including fraud, opening up accounts, stealing electronic funds and identity theft.

Despite the recent prominence and threat of cyber crime, authorities and individuals still find it difficult to prevent and trace, particular with its constantly evolving sophisticated nature.

Source:

http://www.telesurtv.net/english/news/Cyber-Crime-Threatening-Brazil-Olympics-20160806-0005.html

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