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The National Bank of Hungary (MNB) has pointed to a surge in financial scams in 2023, with an increasing share of the damages borne by the clients. Nowadays, fraudsters also steal data using QR codes and even take out loans in victims’ names. Although the MNB says the sharply rising trend has been broken, further action is necessary as Hungary’s international ranking has deteriorated.
Although the value of damages caused by bank-transfer fraud decreased in 2023, further efforts are necessary and the participants of the CyberShield programme a
Although the value of damages caused by bank transfer fraud decreased in 2023, further efforts are necessary and the participants of the CyberShield program are extending their cooperation until 2027, National Bank of Hungary (MNB) deputy director governor Csaba Kandracs said on Monday.
As digital fraud cases surge across Hungary, the nation’s CyberShield program, designed to curb online scams, has been given a significant boost. The national Supervisory Authority for Regulatory Affairs (SZTFH) has joined the initiative, fortifying the defenses against cybercrime and enhancing digital security awareness nationwide.
The Hungarian Banking Association asks borrowers who aren’t distressed to “think through” participation in a six-month extension of the moratorium on loan repayments introduced in the spring to ease the economic impact of the coronavirus crisis, chief secretary Levente Kovács said on Saturday, responding to a query by MTI. Kovács said borrowers for whom installments on loans would cause difficulty “should by all means avail of the moratorium”, adding that the purpose of the measure is to give distressed borrowers the time and the assistance they need, while mitigating the negative...