On average, three out of 100,000 card transactions were fraudulent, causing a little over Ft 35,000 damage per transaction. Bank card scams typically used stolen or fake cards, which accounted for approximately 75% of the total damage in 2005. Interestingly, the rate of online scams remained stable at 7% over the past two years in spite of the growing popularity of Internet banking, with even a slight decrease in the amount of damage from Ft 20 million in 2004 to Ft 16 million a year later. (Magyar Hírlap)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
