Colombia News

Hacker Network Foiled in $70 Million Bank Heist

Hacker Network Foiled in $70 Million Bank Heist

A transnational criminal group nearly pulled off a historic cyber-heist of one of Colombia's biggest banks, highlighting how even the most advanced cyber security systems can be breached by what could soon be seen as the most common form of crime in the region. Read More

Colombia Profile

Colombia

Colombia

Despite the government's advances in security over the last decade, at least a half dozen major criminal groups still operate in Colombia. Several of them have put ideology aside and focus on drug production, trafficking and distribution on a local level, even while they continue to move arms, launder money, kidnap and extort. The complicated panorama has been fueled by the recent demobilization of thousands of right-wing paramilitaries and left-wing guerrillas. These ready recruits and experienced fighters have pushed levels of violence to their previous marks in some areas, particularly in urban settings where they seek to push more consumption. Mexican trafficking groups appear to be taking advantage of the chaos, making the long-term prospects grim.

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