Brazil’s central bank implemented new security measures to combat cyberattacks on financial institutions. Unauthorized payment institutions linked to the National Financial System Network face a 15,000 reais cap on digital transfers. Central bank governor stated this cap targets organized crime by forcing attackers to conduct more transactions. Payment institutions must now obtain central bank authorization to operate, with a deadline moved up to May 2026. ($1 = 5.4212 reais)

Read more at Yahoo Finance: Brazil’s Central Bank enhances security of the financial system