Brazilian criminal gangs have netted $3.75 billion in a micro-transaction fraud that compromises transactions made using the popular Boleto payment method.
Surely this is $3.75m not $3.75billion? If it were billion, then each payment would be worth $7,500 - not exactly "micro".
I agree it must be $ millions, not $ bilions. But, the fact still remains the systems was compromised which hurts its future growth.
I have just seen a copy of the RSA report on this fraud, and it does seem that the losses could amount to US$3.75bn. Unbelievable.
to £100k base, double OTE, benefitsLondon, UK
© Finextra Research 2014