Science & Tech · Cybersecurity · 38 mins ago
Brazil central bank director says cyber risk is his main concern
Ailton de Aquino Santos, a director of Brazil’s Central Bank, said cyber risk is his main concern in supervision.
He made the comments at an event held by the Brazilian Association of Exchange Houses.
Santos said a past cyberattack caused significant losses at a financial institution.
He said those losses led him to liquidate the institution.
He also pointed to recent incidents involving two large entities, without naming them.
The warning applies to financial institutions, including those that work with virtual assets, which he urged to maintain strong controls.
The Central Bank director said cyber threats must be treated with the utmost seriousness.
Ailton de Aquino Santos, director of supervision at Brazil’s Central Bank, said cyber risk is his main concern in supervising institutions.
He said recent cyber incidents had kept him from sleeping.
Santos said a cyberattack had caused a significant loss of funds and led him to liquidate an institution.
He urged financial institutions, including those dealing in virtual assets, to take cyber risk seriously and maintain strong controls.
- Who
- Ailton de Aquino Santos, director of supervision at Brazil’s Central Bank.
- What
- He said cyber risk is his main concern and urged institutions to take it seriously.
- When
- Tuesday, November 10, 2026.
- Where
- At an event hosted by the Brazilian Association of Foreign Exchange (Abracam). The event’s location is not stated.
- Why
- Recent cyber incidents and a cyberattack that caused significant financial losses heightened his concern.
This story does not have two clearly opposing sides.
Santos said a cyberattack caused a significant loss of funds and led him to liquidate an institution.
Santos referred to incidents involving two large entities.
Santos spoke about cyber risk at an Abracam event.
- Speaker
- Ailton de Aquino Santos
- Institution
- Brazil’s Central Bank
- Main concern
- Cyber risk
- Event
- Brazilian Association of Foreign Exchange (Abracam) event
- Date
- November 10, 2026
What people are saying
What keeps me from sleeping is cyber risk. Today, I can hardly sleep, given the problem of cyber risk becoming a reality
In the first cyber event, I ended up liquidating an institution because of a significant loss of funds
So, take cyber risk very seriously