Central Bank of Brazil (BCB) steps up financial system security after hacks
By Global Government Fintech
The BCB has introduced immediate restrictions on its instant payments system following organised cyber-attacks on financial software and payment companies. Non-authorised payment institutions and those connecting via Information Technology Service Providers now face a BRL 15,000 (USD 2,764) limit on Pix and electronic transfers, though this may be lifted once new security controls are…
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