Latin America governments are prime targets for ransomware due to lack of resources, analysis argues

The recent high-profile attacks on Costa Rica and Peru are examples of the dynamic, researchers say.

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Tuna raises $3M to address complexity of e-commerce payments in Latin America

Tuna is on a mission to “fine tune” the payments space in Latin America. Continue reading Tuna raises $3M to address complexity of e-commerce payments in Latin America

COVID-19 social media disinformation campaign sought to exploit TikTok, Instagram influencers

A Russia-based disinformation push about COVID-19 vaccines wasn’t a traditional “influence” campaign, so much as it was partially a campaign on “influencers.” The subsidiary of a U.K.-registered marketing firm behind the effort, named Fazze, tried to spoon-feed popular accounts on Instagram, TikTok and YouTube a package of articles and instructions about the Pfizer vaccine, claiming that it obtained information about fatalities following a hack-and-leak operation. Instead, as Facebook outlined in a Tuesday report detailing the campaign, some of those influencers thought the offer was fishy and exposed it on social media. The campaign against Pfizer that began in May traced its beginnings back to November and December of 2020, with the first leg devoted to bashing the AstraZeneca vaccine. Its primary targets were India and Latin America, but to a smaller extent the United States, Facebook said. Facebook said it removed 243 Instagram accounts and 65 Facebook accounts from Russia […]

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Yaydoo secures $20M, aims to simplify B2B collections, payments

It’s no secret that the technology for easy business-to-business payments has not yet caught up to its peer-to-peer counterparts, but Yaydoo thinks it has the answer. Continue reading Yaydoo secures $20M, aims to simplify B2B collections, payments

Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

Many people in emerging markets depend on informal public transport to move across cities. But while there are ride-hailing and bus-hailing applications in some of these cities, there’s a dire need for journey-planning apps to improve mobility for users and reduce the time they spend commuting. South African startup WhereIsMyTransport is one such company filling […] Continue reading Naspers co-leads $14.5M extension round in mobility startup WhereIsMyTransport

LatAm Banking Trojans Collaborate in Never-Before-Seen Effort

Eleven different malware families are coordinating on distribution, features, geo-targeting and more. Continue reading LatAm Banking Trojans Collaborate in Never-Before-Seen Effort

LatAm Banking Trojans Collaborate in Never-Before-Seen Effort

Eleven different malware families are coordinating on distribution, features, geo-targeting and more. Continue reading LatAm Banking Trojans Collaborate in Never-Before-Seen Effort

Scandit raises $80M as COVID-19 drives demand for contactless deliveries

Enterprise barcode scanner company Scandit has closed an $80 million Series C round, led by Silicon Valley VC firm G2VP. Atomico, GV, Kreos, NGP Capital, Salesforce Ventures and Swisscom Ventures also participated in the round — which brings its total raised to date to $123M. The Zurich-based firm offers a platform that combines computer vision […] Continue reading Scandit raises $80M as COVID-19 drives demand for contactless deliveries

A 35,000-device botnet in Peru is wounded, but still mining cryptocurrency

Cybersecurity researchers on Thursday said they had helped disrupt the infrastructure behind a botnet being powered by tens of thousands of devices in Peru. For months, the botnet — an army of compromised computers controlled by an attacker — had grown in strength by quietly infecting devices using USB drives, allowing the attackers to mine thousands of dollars in cryptocurrency. The infections reached the Peruvian public sector and financial institutions, adding urgency to the effort to defang it. Now, Slovakian anti-virus company ESET says it helped “sinkhole” — or render innocuous — about a quarter of the malicious subdomains used by the botnet. That means the infected machines will continue to mine cryptocurrency, but they won’t be able to receive more malicious instructions — such as injecting code onto devices— from whoever is controlling the botnet. (ESET said it had no indication that those code injections would happen.) It’s an example of how the fight […]

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