Brazil steps up financial system security after hacks
Institutions face transaction limits and risk management audits after criminals targeted at least $315m
The Central Bank of Brazil (BCB) on September 5 announced measures, effective immediately, to enhance security in the country’s financial system following a series of hacks.
Bank transfers through the Transferência Eletrônica Disponível (Ted) system and Pix payments were capped at BRL15,000 ($2,766.92) for companies not directly authorised by the BCB that connect to the National Financial System Network via information technology service providers (PSTIs). Ted provides same-day transfers between
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