Brazilian cyber gangs are increasingly stealing data and holding it for ransom, and getting ahead of law enforcement, which is struggling to keep up with an explosion of cyber crimes. 

Cybersecurity incidents hit record monthly highs in January and April of this year, according to Brazil’s federal cybersecurity agency. 

Recent targets have included major financial institutions with cybersecurity capabilities beyond those of the average Brazilian business. On July 1, a group going by the name of RansomHub, began leaking stolen information from Brazil’s Financial Co-operative System (Sistema de Cooperativas Financeiras do Brasil – Sicoob) a week after Sicoob announced it had been hacked and its data were being held hostage...

Source: https://insightcrime.org/news/kidnapping-data-for-ransom-is-a-booming-business-in-brazil/