The absence of a specific law against cybercrime leaves them feeling so invulnerable that the bad guys are shameless about publicizing their thefts and showing off the profits of a life of crime. Brazilian financial institutions reported losses of R$ 685 million (around US $380 million) in the first half of 2011 as a result of compensation to internet users who lost money. With a national law to enable the police to step up the battle against cyber crime, we need a radical and energetic campaign to stop them.”]
Source: https://securelist.com/a-school-for-cybercrime-how-to-become-a-black-hat/32084/