Latin American Financial Services: Sunny Climes and Cybercrimes

This report analyzes the primary cyber threats to Latin American financial services, emphasizing ransomware (including ransomware-as-a-service and IAB-facilitated access), prevalent banking trojans, and pervasive phishing/social-engineering campaigns; it highlights regional vulnerabilities (weak cyber governance, socioeconomic factors, collaboration with organized crime), provides high-level statistics (e.g., IAB advertisements and impacted organizations), and recommends general mitigations such as patching, defense-in-depth, and user awareness.