The Brazilian government has taken proactive steps in an effort to combat the increasing problem the nation faces in relation to cybercrime - by entering into a collaborative partnership with Europol. Brazil has encountered significant problems with cybercrime from both an international and regional perspective. However, officials have expressed confidence that the partnership agreement with Europol will alleviate and significantly reduce cyber-attacks.
The cybersecurity market in Latin America has been projected to almost double in size. Analysts have predicted that the sector which was estimated at $6.19bn will grow to $13.49bn by 2022.