Changes announced by BC begin to take effect in November and aim to fight Pix fraud by identifying accounts used in suspicious transfers
The central bank announced new measures this week to fight pix fraud. The idea is to support financial institutions in collecting information on suspicious accounts and transactions, so that they can take action against crimes committed by wire transfers through the platform.
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One of the measures that will come into force on November 5 is infringement notification. Through the device, banks, means of payment and other companies in the sector will be able to “mark” the keys involved in suspicious or fraudulent transactions, with information fields that will allow them to fill in the type of possible crime being committed from that account.
Among the practices that the Central Bank seeks to curb are fraud and embezzlement, as well as the invasion of bank accounts and crimes involving forcing a citizen to make wire transfers. In addition, the infringement notification should also help fight against keys created from oranges, in the services of the bandit, or through the practice of ideological deception, with false documents and information.
Together, BC is also improving the Pix information query by reframing the data set available to financial institutions. They will have access, for example, to the number of infractions already reported in a key date or the type of suspicion that falls on a given entry, such as the aforementioned crimes of ideological falsehood or the use of oranges to receive wire transfers.
The agency is also extending the period during which such data is available, to five years from the current six months. “The result is greater effectiveness in fighting fraud, with institutions now having better subsidies to improve their fraud prevention and detection models,” says Breno Lobo, a consultant in management and operations at Pix.
According to him, the end result should be greater protection for customers, since companies in the sector will be able to directly reject fraudulent transactions or block some resources as a precaution. “Security is one of the core pillars of Pix and is intended as an ongoing process, as new forms of fraud and scams frequently emerge,” completes the BC’s note on the changes.
Banks and finance companies will also have new rules
The news concern the umpteenth provision, aimed at companies in the sector. The Central Bank will require the completion of a self-assessment for institutions to join PIX, with the signature of the director responsible for information security policies. The goal is to widen the protection bar even in the systems of those who work with transfers.
Among the issues evaluated are the care of personal data, digital signatures and certificates, as well as the elements involved in the secure implementation of applications, APIs, QR codes and other aspects. This, as well as other standards, are part of the measures built by the Strategic Security Group (GE-SEG), which is coordinated by the Central Bank and Febraban (Brazilian Federation of Banks) to assess the status of Pix protection and implement changes according to new fraud mode.
Now the CB’s systems are going through a phase of adaptation, as are those of the financial institutions involved. The deadline for the implementation of the new rules is therefore far away, with application expected only for the end of this year.
Source: Brazilian central bank
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Source: Terra
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