Financial Fraud Damages in Hungary on Decline but Still High - How Much?
- 29 Jan 2026 8:47 AM
The value of financial fraud in Hungary is on the decline, but still high, at around HUF 5bn per quarter, Lajos Bartha, a managing director at the National Bank of Hungary (NBH) said at a conference in Budapest.
Bartha told the Financial Fraud Summit 2026 that the value of fraudulent card transactions and bank transfers had reached HUF 41.9bn in Hungary in 2024. That fraud cost cardholders about HUF 31.4bn and businesses HUF 10.0bn, he added.
Bartha highlighted the contribution of the KVR central screening system as well as recommendations for banks from the NBH to the crackdown on financial fraud. He added that those recommendations included client education, real-time monitoring, transaction limits and strong customer authentication.
Richard Szabados, the state secretary for SMEs and technology, said digital intensity among local SMEs was low in a regional comparison and pointed to state- and European Union-supported schemes to advance the digital transition.
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.
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