Market Research Report McAfee Antivirus Market Share,Latin America Cyber | Page 2

Cyber crime is the top economic crime in the country. According to a
research conducted by the IBM, the number of cyber attacks within the
country grew by 197% in 2014, and online banking fraud spiked by 40%
from last year. The major reason for rising risk of cyber threats in the
country is lack of awareness about cyber scams and cyber securities
among the population. Brazil has hosted the FIFA world cup in 2014 and
Summer Olympic Games in 2016 resulting in the increasing number of
foreign tourists in the country. In order to prevent cybercriminals and
international scams that can take advantage of the influx of tourists
increased consumerism and Brazil's expanded ICT infrastructure
offering more mobile data access, the military has imposed various rules
& regulations and also has implemented the cyber security solutions to
prevent the scams. There are thousands of attempts to attack
information & communication technology systems in Brazil in day to
day life. Rising cyber crime problems in the country is the key driver for
the growth in the cyber security industry.
The antivirus & antimalware market has increased at a robust rate in
past few years. The country comes among the top 10 market for the
softwares in the world. The top level treats in the country are cyber theft
and financial attacks against individuals, followed by corporates and
other government and non-government entities. Cybercriminals in the
country take advantages of popular sports and championships
attributing to the rising demand for Antimalware and antivirus
softwares in the country. Majority of the revenues of the antivirus and
malware market comes from enterprises followed by residential sector.
The cyber security market in Brazil is highly fragmented with the
presence of number of small & large players. The market is dominated
by the cyber security giants such as Symantec Corporation, Avast,
McAfee, Kaspersky lab, CA technologies, Trustwave and others.