Cyber Fraud

170 ◾ Cyber Fraud: Tactics, Techniques, and Procedures

All of the above suggests mixed implications for Brazilian firms and for their foreign counter-

parts doing business in Brazil. As long as phishing remains relatively simple and profitable, firms

in few other sectors will face acute threats in the near future. Telecommunications companies and

Internet services firms will naturally be exposed to the whole of the cyber crime environment by

virtue of their ownership of the networks and online resources, but the harmful consequences

will remain indirect and infrequent. However, one potential danger is that any foreign firm doing

business in Brazil may expose itself to an increased risk of corporate espionage or insider threats;

because the informat ...