The new Pix rules take effect on Monday (4). Know what changes

The new rules for pix It takes effect on Monday (4) The first data leak And increasing reports of frauds applied using the tool. The changes are aimed at improving the security of the pay-as-you-go system.

As of today, a limit of R$1,000 has been set for transfers made between 8:00 pm and 6:00 am – a measure that, according to the Central Bank (BC), should deter criminals.

The change will be effective for both individuals and individual micro-entrepreneurs (MEIs) and for transfers between accounts of the same bank and debit cards (TEDs). The user will have the option to change transfer limits, as well as previous registration for accounts that may exceed R$1,000.

From today, the deadline for banks to comply with the request to increase the Pix limit will also change. Previously, the period ranged from an hour to one working day, now it is from 24 hours to 48 hours.

In a statement, BC said that companies will not be affected by the measure.

The limit on transactions by individuals was announced in August by British Columbia to reduce the incidence of kidnappings and theft at night, based on requests from the financial institutions themselves.

For Arthur Igreja, a specialist in technology and digital security, the measures Pix will take effect from this date onwards are not enough.

“In the case of a blitzkrieg, for example, the criminal can hold the victim hostage for a longer period, until the time of the financial transaction. But this is no reason to alarm the population and stop believing in the efficacy of the Pix tool,” says Igreja.

Today, there are more than 73 million Brazilians using the system for banking transactions. The problem is not with the tool, but with the ever-increasing advancement of social engineering. Unfortunately, digital fraud and crime follow technological advances,” he says.

However, for the Church, “BC will increasingly implement measures that will make the system more secure.”

Next steps

According to BC, new measures should be adopted until November 16, focusing on increasing user security.

Among them is the reserve block, which The bank will be allowed to set up a pre-emptive ban for up to 72 hours when fraud is suspected, a mandatory infringement notification, the creation of new functions for querying Pix key information, as well as additional mechanisms adopted by banks to protect customers.

The resolution requires that the security mechanisms adopted by the institutions be at least equal to those of the Basel Convention. Cases of excessive Pix key queries that do not lead to compromise or queries about invalid keys should be identified and properly handled.

BC also specifies that organizations providing Pix are liable if fraud is proven to have resulted from failures in their security and risk management mechanisms. Organizations will be required to use the information associated with Pix keys as a factor in authorizing or declining transactions.

In a statement, BC said the measures create incentives for Pix participants to increasingly improve security and fraud analysis mechanisms.

*With information from Agência Brasil