Objective is for it to provide clarification on the institutional developments of the invasion of the systems of the company C&M Software and Impacts in SPB, PIX and strategic security of critical infrastructure
The Foreign Relations and National Defense Commission of the House of Representatives approved on Wednesday, 9, an application for the holding of a public hearing with the President of the Central Bank ,. The objective is that it provides clarification on the institutional developments of cyber attack to the company C&M Software and its impacts on the Brazilian payment system (SPB), PIX and strategic security of critical national financial sector infrastructures. Last week, the São Paulo Civil Police arrested a C&M employee suspect of facilitating mass electronic transfers. In the incident, R $ 800 million would have been diverted. The IT operator would have confessed to the police “being enticed” and helped others investigated to “join the system and make PIX transfer requests directly to the Central Bank.”
During his participation in the House Finance and Taxation Commission this morning, Galipolo even mentioned the case, stressing that, according to police investigations, the C&M security incident occurred because of social engineering techniques, not by a cyber attack. In the request approved this morning, the chairman of the Commission, Filipe Barros (PL-PR), argued that the hearing will allow “proper parliamentary supervision and may subsidize legislative initiatives aimed at strengthening cyber security, financial sovereignty and protection of state fundamental structures”. It has not yet been scheduled for the hearing.
The parliamentarian wants to question Galipole about which measures were adopted by the BC to contain the attack; If there is an articulation between the bank, the Ministry of Defense and other organs for “joint responses to cyber threats of a systemic nature”; and on the institution’s assessment of the need for normative revision on the protection of financial critical infrastructures.
In the board, Filipe Barros said he wants Galipolo to explain the case “under the aspect of national sovereignty.” “After all, we voted for such independence of the Central Bank, which I still confess that I don’t know if it was good or if it was bad. And now they want financial independence as well. So, I think Galipolo has to come to this commission to explain to all of us, in the aspect of Brazilian national sovereignty, what the Central Bank has done to prevent hacking cases like this,” he said.
*With information from Estadão Content
Posted by Fernando Dia
