How to fix error CE-40740-5 on PlayStation 4?

Error code CE-40740-5 on the PlayStation 4 almost always appears on hacked operating system firmware. At the same time, some games stop working, while others continue to run. Usually they complain about more modern games, like RDR 2. In fact, the problem lies in the obsolescence of the operating system and games. You just need to update the system and games to a more recent version and everything will work.