Online fraud and identity theft is a global problem. In Brazil, in particular, it’s estimated that those types of crimes cost the country about $15 billion a year. In fact, Brazil is ranked second in the world in terms of the number of online fraud and identity theft infractions. And, the country is home to one fraud attempt every 16 seconds.
Besides being a problem for its citizens, the issue also can negatively impact the country’s economic relationships with other countries, that may hesitate to do business there.
Via Mary Ann Azevedo via Crunchbase