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O central bank (BC) announced, this Tuesday (02), that transfers via Pix new defenses against attacks: the novelties include improvements both in notifications of infractions for this type of money transaction, as well as in querying data that are linked to the keys of the payment system. 4v2h
The security updates of Pix, however, will take time to come into force: they only happen in six months, with a date scheduled for November 05th. For now, stay on top of the most important information of these changes in electronic transactions, which will be made by BC, and how they will happen.
How can Pix security improve? 646623
Increased defense in electronic money transition will give greater transfer potential. According to the statement from the BC, the available data on financial exchanges by Pix will be available for up to 5 years. This information is related to banks, called in technical jargon “monetary authorities”, and will be more protected from November onwards. Regarding the waiting time for these changes to take effect, the BC statement states that it is necessary to evaluate the adjustments in the systems, both by the official institution and by the other banks.
The financial institution's communication about this new update contemplates the view of the professionals involved with the improvement of the payment system, such as the consultant in the Management and Operation of the system, Breno Lobo:
“[…] In practice, institutions will be better able to act preventively (rejecting fraudulent transactions or cautiously blocking resources) and, ultimately, this will result in greater protection for s”.
Breno Lobo
The text also shows that the concern of the BC with the changes is the protection of the payment system against fraud. In this sense, the financial body hopes to be able to count on measures that prevent criminals from using the technologies involved in the transfer process. (https://www.smallhandsbigart.com/) Next, see the new security implementations, to be applied in the next semester.
Infraction Notifications 4q2d5w
As of November, financial institutions will be able to mark the keys more easily Pix who are involved in some financial risk situation. This change will have more fields to fill in information. Soon, the BC will have a more concise specification of the detected frauds: the notification will say whether the problem that occurred concerns a scam, ideological falsehood, embezzlement, invasion, coercion, among other types of criminal practices.
A practical example of how this notification can happen is if someone borrows your to commit fraud. Thus, the online payment system will be more secure against the creation of “orange s”.
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The information contained in the transfers from the BC will have a broader obligation towards banks that make use of the Pix in your apps. To contain fraud, banking institutions must indicate the frequency of use of s that are suspected of a financial crime. This applies to the set of crimes that the BC will be more attentive, as a way to make virtual transactions more authentic.
In addition, banks must indicate how many times s who may be involved in an offense through online transactions have been made aware of infringement notices, as well as the number of s that are linked to these potential criminals. Along with these indications, the BC it also requires monetary authorities to take a longer time to keep track of these alerts. Even the s themselves will be able to see these details 24 hours a day, every day of the year.
Latest updates against crimes committed by the system 1m5e49
The protections guaranteed by the BC rely on the participation of a strategic sector of the government's official financial institution: the Strategic Security Group (GE-MON), which also includes the pix forum. One of the newest updates made to the transfer system is the requirement that banks when ing the monetary transaction system.
Based on this obligation, the official institution of the Brazilian government seeks to whether banking companies are, in fact, strictly following the rules for carrying out online transactions. Measures such as data and communication security, signature of certifications and evaluation of QR codes are carefully observed, at the time when registration to the system takes place.
What do you think of the improvements? Do you think the BC could be faster in putting these changes into effect? Leave us your opinion in the comments, here at showmetech.
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Source: Central Bank of Brazil
reviewed by Glaucon Vital in 4 / 5 / 23.
