by Staff Writers
Buenos Aires (AFP) Oct 5, 2011
Fraud in online commerce and theft of confidential data, known as phishing, at banks in Latin America together top 93 billion dollars in yearly losses, an IT conference heard Wednesday.
The hardest-hit countries are Brazil, Mexico and Argentina, according to the first such report to the LACNIC regional domain name registration conference here.
"The scope of cybercrime in Latin America is really worrisome, with very likely scenarios of cyber-attacks and worrisome consequences for the population which include phishing losses to banks topping 93 billion dollars a year," according to the investigation, called the Proyecto Amparo (Support Project).
"Threats are becoming more complex and more sophisticated," said the report by Patricia Prandini and Marcia Maggiore from the Montevideo-based group.
They warned that the "criminal business model is expanding exponentially day by day."
When banks are hit by a cyberattack the average cost is 50,000 dollars, or 50-60 dollars per affected account, the study added.
Cyberwar - Internet Security News - Systems and Policy Issues
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Alibaba chief 'interested' in buying Yahoo!: WSJ
New York (AFP) Oct 3, 2011
The head of Chinese Internet giant Alibaba is "interested" in buying Yahoo! and has been approached by private equity firms and other groups about doing a deal, The Wall Street Journal reported Monday. Jack Ma, chief executive of Alibaba, China's top online retailer, was quoted as making the comments at a "China 2.0" event at Stanford University on Friday, according to the newspaper. A s ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|