
The Cyber Threat Landscape in Brazil ◾ 145
who may be engaging in corporate espionage or the authoring, trading, and diffusion of malicious
code. Additionally, the insufficiencies of the legal corpus make it less likely that prosecutors will
prevail over defendants who can afford expert legal counsel, as many experts quickly acknowl-
edged during interviews with iDefense analysts.
For these reasons, the fraud cycle continues uninterrupted in Brazil; even as low-level criminals
are prosecuted and incarcerated, the individuals who facilitate online fraud and benefit most from
it — the code authors and the most skilled phishers — remain free. Until ...