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Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
“Fraud was suspected in 73 cases out of one million bankcard payment transactions last year,” Tállai said in a statement on Sunday.
He said that the number of online payments connected with fraud has exploded around the world in recent years, with the chief aim of obtaining personal financial data. The method commonly used involves phone calls or e-mail messages by fraudsters posing as bank staff.
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