Peru: 20 Million Soles Stolen in 2011 From Internet Fraud

According to rpp.com, 20 million soles equivalent to 7 million dollars, have been stolen by criminal gangs through false business scams and internet fraud in 2011. The criminals posed as representatives of large companies in order to trick the victims into their private banking information by providing cloned websites of financial institutions by using viruses. Phishing was also a major tactic of the criminals. In other instances the criminals would infect computers with viruses making replicas of a bank website thus retrieving client’s information. Read article