Bonnie and Clyde: the crazy lives of the Brazilian bad guys presented at Virus Bulletin 2011

by Fabio Assolini (Kaspersky lab),

Tags: Security


Summary : " Igor Soares da Silva and his wife Emily, both 25 years old, together stole more than US$300,000 from one Brazilian bank
in a single year. But their crazy days of living like Bonnie and Clyde came to an end when the Brazilian Federal Police
arrested them after a difficult year-long investigation. Igor and his wife stayed one step ahead of the law by moving from
city to city each month, recruiting money mules and using their stolen cash to live the high life, buying luxury cars and
staying in the most expensive hotels.

Brazil has achieved worldwide notoriety as a place where many Bonnie and Clyde types are living crazy lives, stealing
around US$900 million per year from financial institutions. The cybercrime scene in Brazil is both profitable and favourable:
the country has 40.7 million Internet users, 76 million citizens eligible to use Brazil's e-voting system, and 30 million
that use Internet banking services daily. The lack of any real legislation dedicated to combating cybercrime, in addition
to high levels of police corruption, provide the icing on the cake.

With a very active cybercriminal community producing around 36% of all the banking trojans in the world, Brazil's bad
guys have developed some original and creative attacks, using locally developed malicious techniques designed to bypass
protection, infect users' computers and steal their money.

In this presentation we will show how the bad guys go about their business and will offer our analyses of the latest
attacks and trends used by cybercriminals in the land of samba, soccer and carnivals."