As Venezuela's economy struggles, some of its citizens turn to a lucrative gig: Cybercrime.
Venezuela was once one of the wealthiest countries in Latin America, with the world’s largest oil reserves and vast gold deposits. But decades of corruption and mismanagement under socialist rule have led its economy to ruin. In the past year, protests have turned deadly after crackdowns by the government of President Nicolás Maduro. The country has also endured sizable blackouts.
The report indicates victims don’t receive much cooperation from the government when they file complaints because of the economic and political turmoil in the country. As a result, local law enforcement is turning a blind eye. Wright said many of the Venezuelan cybercriminals IntSights found appeared to use their own photos on social media and accurate descriptions of where they live, making it easy to find out who they are.
More than 4 million Venezuelans have fled the country in recent years to escape low wages, a collapsing health care system, the absence of basic services and the lack of security. The majority are settling in neighboring Colombia.
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