The National Confederation of Financial Institutions (CNF), in partnership with the Brazilian Federation of Banks (Febraban), launched this Tuesday (22), in São Paulo, the Fraud Prevention Seal. The goal is to reinforce security in the financial system.
The entities point out that the initiative was created to certify and recognize financial institutions that stand out in complying with strict requirements for prevention, repression and awareness of criminal acts. In this first stage, 17 financial institutions will be certified. Institutions interested in obtaining the seal – which is valid for 12 months and can be renewed after a new evaluation – must formalize the request with the CNF.
“The certification aims to ensure that institutions adopt the best market practices, ensuring a safer environment for consumers. The CNF, responsible for the governance of the seal, will work in partnership with a specialized consultancy to carry out the evaluation of candidate institutions, ensuring impartiality and technical rigor in the process”, said, in a note, Rodrigo Maia, CEO of the CNF.
Investment in security
According to the president of Febraban, Isaac Sidney, the topic of fraud prevention is a priority guideline for the entity and its members invest around R$4 billion annually in information security systems.
According to the entities, the seal certifies that a financial institution has efficient processes to prevent fraud and make customers aware of the risks, in addition to best market practices in areas such as cooperation and external partnerships to combat fraud; transactional risk management and security governance; and strict procedures for opening accounts.
