The MNB said there were some 15,000 cases of bank card fraud involving domestically issued cards in the second quarter, causing a total of HUF 387 million in damages. Both the number of incidents and the damages were up by 50% compared to Q2 2017.

Most bank card frauds involved internet purchases, where the physical presence of cards was not necessary. Such cases accounted for more than 83% of all cases and all damages.

Bank card issuers suffered HUF 371 mln of damages, since a favorable regulatory environment means that card holders only had to cover 8% of the costs, MTI noted.