image: IBTimes UK

The South America connection and the leadership on ATM Malware development

March 12, 2018

Besides being known about corruption scandals, South America is a reference to the development of ATM malware spreading globally with Brazil, Colombia, and Mexico leading the way.

A research conducted by KASPERSKY has revealed a convergence on attacks against financial institutions, where traditional crimes and cybercrime join forces together to target and attack ATM (Automated Teller Machine) machines.

Around the globe, the region where criminals had achieved expertise and have become highly professionals is Latin America. As a resulting of this criminal union to steal money directly from ATM, criminals and cybercriminals from Latin America have been developing brand new zero-day techniques and tools that are not found in any other place in the world.

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