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Fraud in Brazil: why is the country one of the most affected by fraud

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With all the technology available, we can understand that fraudulent attacks have grown a lot in recent years, due to new ways in which cybercriminals commit different types of online fraud. According to the 2022 Cybersecurity Report , produced by Threat X , Brazil is in 5th place in the ranking of countries that suffer the most cyberattacks .

In this article, we will highlight why this happens and how companies can protect themselves.

Brazil is the fifth country that suffers most from virtual crimes and scams

According to the cybersecurity report , Brazil is the fifth dataset country that suffers the most from cybercrimes and scams – which in numbers represents around 9.1 million occurrences. All of this in the first quarter of 2022 alone.

In addition our country stands

only for its high rate of cybercrimes, but also for data leaks . According to the Dutch online security organization Surfshark, we rank sixth in the ranking of destinations with the highest incidence of this type of activity.

The number of Brazilian users affected by moment marketing: online and offline together? it’s possible! find out how data leaks in most affected by fraud cyber scams reached 24.2 million. This impressive number reinforces the company’s estimate that one in five people in the world has been a victim of this crime.

Based on these alarming statistics, it is clear that Brazil is facing a worrying increase in digital security vulnerabilities , resulting in an increase in cases of cyber scams.

Why does Brazil suffer so many virtual scams?

Because loopholes have been identified that have allowed cybercriminals to succeed in various types of cybercrimes.

Another relevant aspect is the fact that never before have the Brazilian people been so immersed in the digital world. According to the Threat X Cybersecurity mobile list Report , in the last two years there has been a significant increase in online shopping and time spent on social media. As a result of greater traffic on the web, there is also greater exposure to risks. Numerous phishing attacks and malware propagation via emails containing fake links, unsafe pages, misleading text messages, dissemination of fake news on WhatsApp, among other types of virtual scams, have been recorded. The sectors most affected by cyberattacks in Brazil were the government sector, followed by education, industry and the financial sector. The insurance and healthcare segments were also targets.

How to protect your company from virtual scams?

To protect a company from cyber scams, it is essential to adopt security measures and educate employees about the risks. Here are some important tips:

Educate and train employees: Conduct regular training sessions to educate employees about the different types of cyber scams, such as phishing, ransomware, and most affected by fraud social engineering . Teach them how to recognize the signs of potential fraud and take preventative measures.

Strengthen network security

Keep operating systems, applications, and programs up to date with the latest security patches. Use firewalls and intrusion detection systems to protect your network from unauthorized access. Consider implementing a virtual private network (VPN) for secure remote connections.
Use two-factor authentication (2FA): Require employees to use two-factor authentication to access internal systems and applications. This adds an extra layer of security by requiring users to provide two forms of identification, such as a password and a code sent via SMS or generated by an app.

Strengthen passwords: Encourage

The use of strong, unique passwords for each account and system. Encourage the use of long passwords with combinations of upper and lower case letters, numbers, and special characters. Consider using a password manager to make it easier to store and create secure passwords.
Be wary of suspicious emails and links: Phishing scams are very common. Teach employees to be cautious when opening emails from unknown or suspicious senders. Always verify the authenticity of links before clicking on them. Avoid providing sensitive information via email unless the request is legitimate and the communication is encrypted.

Back up regularly: Perform regular

backups of all important company data and ensure that it is stored securely in offline locations. This will help recover data in the event of a ransomware attack or data loss.
Stay up to date on the latest threats: Be aware of the latest cyber-scam trends and techniques . Keep up with cybersecurity news and update your protection measures most affected by fraud accordingly.
Additionally, it’s important to seek out additional information and partner with a cybersecurity expert like ThreatX to develop a comprehensive online fraud protection strategy. Remember, cybersecurity is an ongoing effort, and awareness and preparation are key to ensuring your business is protected.

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