• Home
• Channel: Tech
• Victims of "Google Fraud" to Receive Compensation from MBH Bank in Hungary

Victims of "Google Fraud" to Receive Compensation from MBH Bank in Hungary

• 20 Jun 2025 11:39 AM

MBH Bank on Thursday said it will pay compensation equaling 70pc of the damages to customers who fell victim to a Google-fraud-type phishing attack between March 15 and May 31, 2025, even though the problem was not the vulnerability of banking systems, but sensitive personal and banking data obtained from bank clients and fake banking pages advertised in Google search.

In line with the National Bank of Hungary's recently announced directive and international practice, compensation will be available to those who have fallen victim to fraud for the first time, MHB said. The bank will contact the customers concerned by the end of August, it said.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Google Fraud National Bank of Hungary

Explore More Reports

Watchdog in Hungary Winds Up Google Ads Phishing Probe

• 3 Jun 2026 9:12 AM

The Hungarian Competition Authority (GVH) has wound up a probe of Google Ireland over spoofed websites using the name of Hungarian lender MBH Bank, the watchdog said on Tuesday.



EBRD Provides EUR 70 Million Financing to Renewable Energy project in Hungary

• 20 Apr 2026 5:35 PM

The European Bank for Reconstruction and Development (EBRD) is providing EUR 70m of financing as part of a EUR 210m package with commercial banks to special purpose vehicles owned by Renalfa IPP for the development of a 450 MW solar park with a 250 MW /1 GWh battery energy storage system in NE Hungary.



'Grand Prize' for Innovation in Hungary Draws Record Entries

• 30 Mar 2026 5:35 AM

The Hungarian Innovation Grand Prize has seen a significant surge in interest this year, with nearly twice as many projects submitted compared to previous editions. By the recent deadline, 91 companies had filed applications, marking a new milestone for the competition.



Hungary Urged to Act Quickly on AI to Avoid Falling Behind

• 30 Sep 2025 7:22 AM

Laszlo Palkovics, the government commissioner for artificial intelligence, pointed to the untapped potential of AI and pressed for action to address the related technology challenges at a workshop hosted by the National Bank of Hungary (NBH).