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The Central Bank of Brazil has been forced to limit the use of Pix’s immediate payment platform after a surge in “lightning kidnappings” in which citizens were struck on the streets and forced to send cash to be released.
The groundbreaking Pix system was launched late last year to gain a reputation almost worldwide, but criminal groups are moving fast to take advantage of new technologies.
Instant Pix technology was welcomed as a game changer in countries where citizens had long struggled with the slow and costly digital payment systems of traditional banks. Almost 100 million Brazilians use the platform to pay invoices and send cash.
However, the surge in flash kidnappings has forced central banks to put restrictions on their systems 24 hours a day, 7 days a week.
“These lightning kidnappings were a kind of dormancy, but we’ve noticed a significant increase in incidents since Pix entered the market last November,” said an investigator at the Special Police Department in São Paulo. Tarsio Severo told local media and police said in such cases from January.
In the first six months of this year, the state of Brazil with a population of 211 million and a population of 44 million reported that lightning abduction had increased by almost 40%, and some banks were told by the Central Bank (BCB). Encouraged to strengthen security measures. ..
Last week we announced several actions, including a $ 200 transfer limit between individuals from 8pm to 6am. Creating a minimum wait time to increase the transfer limit. Also, the ability for users to set different transaction limits during the day and at night, when robbery is more common.
Abduction has long plagued Brazil, but with Sao Paulo earlier this century Rio de Janeiro. Wealthy citizens are usually targeted because they leave their homes or offices and are either taken directly to an ATM to withdraw cash or require a larger ransom. Many abductions have ended violently, and wealthy Brazilians now often drive cars with bulletproof and colored windows as a precautionary measure.
“In the past, gangsters carried out kidnappings and took people to ATMs. But now, with Pix, central banks have ATMs on people’s mobile phones. Crime is always the easiest way. You will find, “said Rafael Arkadi Pani of the Brazilian Public Security Forum.
“Central bank measures are positive because they help improve the security of the system, but they do not solve the problem. You need to invest in police and reform criminals to actually face the law. And we need to improve our social conditions. Unequal countries like Brazil always have such problems. “
Additional report by Carolina Phyllis
Brazilian criminals turn to flash kidnapping to take advantage of new technology
Source link Brazilian criminals turn to flash kidnapping to take advantage of new technology