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Mexico Central Bank Tightens Rules On Electronic Transfers

“Mexico’s central bank on Friday tightened requirements for participants in the country’s electronic interbank payment system (SPEI), following a wave of coordinated attacks that manipulated the system earlier in the year was made public. Those attacks, coordinated between hackers and client accomplices, cost banks an estimated 300mn pesos (US$16mn). Still under investigation, the incidents put pressure on authorities to quickly act […]

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