If you want to install the update:
: Several account management features, such as changing billing info or redeeming codes, have been removed from the console's native menus. These actions now typically redirect users to external websites via QR codes or URLs. Mandatory Two-Factor Authentication (2FA) ps vita system software update 374 updated
: It is no longer possible to create a new PlayStation Network account directly from the Vita hardware. New users must register through the official PlayStation website or a modern console (PS4/PS5). If you want to install the update: :
If your Vita on 3.60/3.65, updating to 3.74 will break CFW and remove permanent hack. ps vita system software update 374 updated