EY: the number of cyber attacks can be increased by introducing an instant payment system

After eight months of postponement, the Immediate Payment System (AFR) will be launched in Hungary in early March.

With the introduction, new types of frauds can be expected. For example, fake banking applications, misleading SMS messages can make it difficult for banks to judge the reality of a transaction. This is a major security challenge for financial institutions – was noted by EY consultants at the company’s professional conference.