US EditionCrackdown on Cybercrime: Central Bank Introduces Anti-Fraud Strategy
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7 Articles
Crackdown on cybercrime: Central Bank introduces anti-fraud strategy
Barnabás Virág, a deputy governor at the National Bank of Hungary (NBH), detailed measures the central bank is taking to counter online financial fraud at a press conference on Tuesday. Central bank launches cybercrime prevention plan Virág said a central system to screen for fraudulent banking transactions would be launched in July. The central bank will instruct banks on immediate measures to combat fraud, while scrutinising lenders’ existing …
Viktor Orbán raised the issue of cyber fraud last week, and the central bank governor would support the government's work with five measures.
The Hungarian National Bank has been tolerant so far, they are changing the bank transfer system due to fraud - Index has obtained a central bank analysis.
Fraudsters are always trying new methods, and in recent weeks they have tried to swindle money in the name of several companies. The post Hungarian authorities warn: 4 companies' customers may be in danger first appeared on Most Hír.
The Hungarian National Bank (MNB) has announced a five-point package of measures to curb financial fraud. The steps aim to strengthen the protection of the domestic financial system and increase the security of bank customers against increasingly sophisticated cyber fraud.
The Hungarian National Bank is deploying new tools to curb bank fraud. It will start operating an immediate fraud screening system from July. In addition, banks will have to bear the damage caused to customers by online fraudsters in many more cases. For example, if their customer identification system is inadequate.
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