State of the Attack Landscape
One of the most surprising data points Trend Micro uncovered is that file
infectors plagued the most citizens’ computers. This often indicates the
prevalence of insufficiently secured removable storage devices and unpatched
OSs and/or applications. The continued viability of file infectors reflects the
difficulties the region has been experiencing to protect itself from malware,
which again is evidence of a lack of user awareness.
State of the Cybercriminal Underground
The cybercriminal underground in Latin America heavily relies on banking
Trojans compared with other regions that use other malware like ransomware
and ATSs.
Threat actors in the region learn from the mistakes of their criminal colleagues
in other regions, notably in Eastern Europe. They recognized that the use of
hijacked servers contributed to successful law enforcement operations, and
have consequently shifted to using free hosting services to carry out malicious
activities. Law enforcement agencies need to take note of this region-specific
tactic and adjust their policing and investigation tactics accordingly.
Threat actors and their illicit economic operations heavily relied on Orkut and
IRC services, which served as underground bazaars for the exchange of
money and criminal goods and services. These processes were often facilitated
by mules effecting payments to mask the identities of those organizing the
schemes.
Recommendations
Based on the observations of OAS Member States and the data Trend Micro
collected, three recommendations can be made:
1. Raise awareness of safe cyberhabits and general cybersecurity awareness
among end users, critical infrastructure operators, and government
employees. This will make it more difficult for cybercriminals to perpetrate
attacks that were so common against the three aforementioned groups.
Raising awareness can be one of the cheapest and most effective ways to
minimize cybersecurity risks and close security gaps that remain wide open.
2. Invest in and promote enrollment in technical-degree programs. Securing
government-owned and private networks requires technical know-how
that is difficult to acquire in the short term. Along with awareness-raising
campaigns in schools, academic institutions need to do more to attract
students to computer science and information security degree tracks. This
will ensure that there remains an ample pool of qualified candidates from
which to draw professionals who will be needed to fill the increasing number
of information security careers.
PAGE 25 | Latin American and Caribbean Cybersecurity Trends and Government Responses