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NBH partners with authorities to inform public about cybercrime

Attacks by digital criminals have become more frequent and target customers directly through psychological manipulation and scams.

The National Bank of Hungary (NBH) has partnered with four authorities to educate and inform the public about cybercrime risks.

Csaba Kandrács, the central bank’s deputy governor, said attacks by digital criminals have become more frequent and target customers directly through psychological manipulation and scams. He warned that even clients with a greater degree of financial knowledge and experience can fall victim to the refined techniques used by cybercriminals. This has prompted the launch of the CyberShield information campaign educating the public about phishing, scam calling and texting, phoney bank websites and dodgy investment schemes, said Kandrács. The programme will also involve an analysis of market trends as well as knowledge sharing on an international level and implementation of best practices, he added. Partners of the initiative include the Hungarian Banking Association, the National Media and Infocommunications Authority (NMHH), the National Cyber Security Centre and the National Police Headquarters (ORFK).