Brazil ‘Champion’ in Card Fraud, With 45.4% of Global Cases – Report

It's hard to find someone in a circle of friends who has never had their credit or debit card cloned. And the pandemic has exacerbated this statistic.

RIO DE JANEIRO, BRAZIL - According to data from the 2020 Annual Report on Online Criminal Activity in Brazil, prepared by Axur cybersecurity company, last year the country was the champion in card data leaks, single-handedly accounting for 45.4% of all cases worldwide, separated by over ten percentage points from the second-place country, the United States (34.3%).

According to the survey, among the ten institutions with the highest number of leaks, seven are Brazilian; two are American; and one is Spanish.

According to Axur's CEO Fábio Ramos, there are three main reasons for Brazil to . . .

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