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2 clusters · 3 sources · 13 days · First seen · Last updated

Costa Rica Central Bank digital infrastructure updates

Overview

The Central Bank of Costa Rica (BCCR) is undertaking initiatives to modernize and secure its digital financial infrastructure.

Initially, the BCCR focused on updating the SINPE Móvil payment system by introducing QR code technology. This modernization aims to streamline digital transfers by allowing users to scan codes to retrieve recipient information, thereby reducing friction in the payment process. The project includes investigations into security mechanisms to prevent QR code falsification.

Subsequently, the BCCR approved a project to strengthen digital infrastructure against potential quantum computing threats. This initiative addresses concerns that current cryptographic algorithms used for digital certificates and financial communications may become ineffective by 2030. The goal is to secure digital signatures and prevent the unauthorized processing of financial transfers or the exposure of confidential information.

Entities

Central Bank of Costa Rica · SINPE Móvil · Sinpe · Harold Murillo · Carlos Melegatti

Timeline

  1. 11 days ago

    [TECHNOLOGY] 3 sources
    Central Bank of Costa Rica to bolster digital security against quantum threats

    The Central Bank of Costa Rica is implementing a strategic project to protect its digital infrastructure and payment systems against the emerging threat of quantum computing by 2030.

  2. 23 days ago

    [BUSINESS] 2 sources
    Central Bank of Costa Rica to modernize SINPE Móvil with QR codes

    The Central Bank of Costa Rica plans to modernize SINPE Móvil by introducing QR code payments to replace manual phone number entry, with implementation expected around 2028.

Sources

cybersecuritynews.es · diarioextra.com · dinero.com.sv