An estimate by Brazilian banks for 2022 is the total number of frauds in the national financial system by the end of the year. 2.5 billion BRL figure. (7) Published by the newspaper on Sunday State of Sao PauloThe document states that 70% of the amount – or about R$1.8 billion – came from transactions made on Pix, the Central Bank’s (BC) instant payment system.
According to the São Paulo publication, financial system sources feel that the value attributed – R$1.7 billion, of which R$900 million via Pix – may be underestimated based on data available up to June. After all, there are no unified official reports of these scams and most of them are not even reported to the banks by the victims..
How does the Pix scam work?
In addition to phishing, the “hunting” of internet data by hackers was a so-called “social engineering” scam, which increased by 165% during the pandemic, according to the Brazilian Banks Federation (Febraban). In this type of scam, psychologically manipulating the victim those who carelessly give away your confidential information, such as account and card passwords.
Although this seems unlikely the victim himself provides his sensitive data to criminalsAccording to the organization representing Brazilian banks, one in three Brazilians suffered such an attempted coup in 2022.
Since most of these attacks are carried out through Pix, Febraban should make a recommendation to the Central Bank. limit the unit value of transactions in the payment medium to R$500. Central Bank Governor Roberto Campos Neto said at a hearing in the Chamber of Deputies that he understood the solution was to prevent “orange accounts” from being opened with documents from others.
Source: Tec Mundo
