back to article Brazilian baddies bank Boleto billions

Brazilian bad guys appear to have made an astonishing $US3.75 billion by scraping a tonne of tiny transactions from a popular payment system used by locals, RSA researcher Eli Marcus says. The carders operating a single fraud ring may have netted enough over the last two years to foot 80 percent of Brazil's $4.7 billion World …

  1. Michael H.F. Wilkinson
    Joke

    Alliteration Alert

    Title totalled by trying too much

    Accept my ample apologies for an appalling attempt

  2. AndyS

    Brazilian baddies?

    How many is that?

  3. Sir Runcible Spoon

    Sir

    So if I understand this correctly the bad guys took advantage of a payment system that had no checks or balances, or comebacks, or protection - and the general public liked it BECAUSE of this?

    I find it more surprising that such a system exists that people trusted than that some bad guys decided to rip it off. As far as I can tell they have just effectively performed a public service* for slightly less cost than the banks would charge you (and the banks wouldn't even highlight the flaws in a shit system).

    *Only once it was discovered of course :)

    1. razorfishsl

      Re: Sir

      You mean like bitcoin…….

  4. Matt Devney

    Krebs title is better

    Brazilian ‘Boleto’ Bandits Bilk Billions

    1. Robert Helpmann??
      Childcatcher

      Re: Krebs title is better

      Fraude Financeira!

      1. Anonymous Coward
        Joke

        Re: Krebs title is better

        Whate shade of fraud is that?

  5. This post has been deleted by its author

  6. Elbonian

    $3.75billion number looks a bit bogus

    495,753 estimated transactions compromised

    =$7564/transaction

    192,227 PCs infected

    =$19508/infected PC

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