The number of known credit card frauds increased twentyfold In the past five years
In the past five years, the number of known credit card fraud cases in the world has increased approximately twentyfold – Hungary’s cyber coordinator told M1 news channel on Thursday.
Rajnai Zoltán said that this amount is currently 1,000 billion USD.
90-95 percent of Internet fraud is caused by human negligence, because many people give inaccurate information or keep their PIN along with their credit card – he said.
According to the cyber coordinator, the strong customer identification required for online payment, which requires confirmation of the purchase via SMS code, will reduce fraud. (MTI)
Related news
The number of bank card payments is soaring, the use of cash is decreasing in Hungary
In the past year, the number of merchants accepting bank…
Read more >Majority of young people think bank cards can retire now
According to the latest K&H youth index survey, in Q2…
Read more >The security of smartphone payment is equal to that of a bank card
The majority of people in their twenties consider smartphone or…
Read more >Related news
Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >Cautious optimism in tourism: the economy improved in May, but the sector is still in the red
In May 2025, Hungarian tourism businesses reported a slight improvement…
Read more >There is a serious opportunity in almond cultivation
Almonds are an increasingly sought-after product worldwide, including in our…
Read more >