Banks would keep transfers one or more days for this reason – NSS Oaxaca



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The idea is that a cybernetic violation of the SPEI will not happen again as it happened there is a few weeks in Mexico

The Bank of Mexico establishes additional obligations to the financial institutions of the country participating in the interbank electronic payment system (PIPES), to strengthen security policies and controls in the transfer of funds, among which the The obligation to follow the response protocols to possible hacker cyberattacks, to the technology infrastructure related to remittances, as well as to identify the accounts of customers offering virtual currencies.

The measures aim at a faster response to possible risks; identify if the client manages virtual assets and block cybercriminals thus making it more difficult to purchase virtual currencies.

The accounts that SPEI participants bring to companies that manage virtual assets, for example bitcoin, must be sight deposit accounts only open to financial institutions authorized to offer them (credit institutions, popular financial corporations, community financial corporations and savings and credit cooperatives).

Using two new 2018 and 11/2018, Banxico prohibits institutions with clients who handle currency or virtual assets, transfer resources on the same day and must pay the money the next business day or until the central bank allows it.

the protocols of institutions to respond to cyberattacks.

The new rules indicate that institutions must implement confidence and integrity testing of their staff, as well as those of third parties who provide information and communication technology services. , who have access to information and systems related to their operation with the SPEI.

Information security responsible for the design, implementation and verification of cybersecurity risk prevention policies.

Institutions must implement confidence and integrity testing for their staff, as well as for third parties to access information and systems relating to their operation with the SPEI

They must designate a person responsible for security of information responsible for the design, implementation and verification of prevention policies

Excelsior

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