Brazil's central bank vows tougher rules after surge in financial system cyberattacks

4 days ago 2

Marcela Ayres

Wed, November 12, 2025 astatine 9:05 AM CST 1 min read

By Marcela Ayres

(Reuters) -Brazil's cardinal slope is preparing to beforehand tighter ​regulation of the fiscal strategy to curb a ‌rise successful cyberattacks, the bank's supervision director, Ailton Aquino,‌ said connected Wednesday.

This year, 68 incidents person been reported done October, including 37 cases of fraud, helium said astatine a property league successful Sao ⁠Paulo.

That represents the highest ‌number since the cardinal slope began tracking specified information successful 2018 and is already ‍above the 59 cases recorded successful each of past year, according to the bank's Financial Stability Report released earlier ​in the day.

Aquino cited the request for stronger oversight ‌of third-party services and Application Programming Interfaces (APIs), which enactment arsenic bridges allowing antithetic bundle systems to pass securely and automatically with each other.

He said the cardinal slope was finalizing rules for nonstop ⁠connections to the fiscal system'​s web and expected to merchandise ​them soon.

"The docket remains strong," Aquino said.

In September, the cardinal slope issued ‍new rules ⁠to fortify the information of the country's fiscal system, and earlier this week it regulated ⁠the crypto assets marketplace to assistance forestall wealth laundering and fraud.

‌(Reporting by Marcela Ayres; Editing by ‌Alex Richardson and Nick Zieminski)


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