Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
According to MTI, Bartha told the Financial Fraud Summit 2026 that the value of fraudulent card transactions and bank transfers had reached HUF 41.9 bln in Hungary in 2024.
That fraud cost cardholders about HUF 31.4 bln and businesses HUF 10 bln, he added.
Bartha highlighted the contribution of the KVR central screening system as well as recommendations for banks from MNB to the crackdown on financial fraud.
He added that those recommendations included client education, real-time monitoring, transaction limits and strong customer authentication.
Richárd Szabados, the state secretary for SMEs and technology, said digital intensity among local SMEs was low in a regional comparison and pointed to state- and European Union-supported schemes to advance the digital transition.
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.
