The paper examines what effect the KiberPajzs initiative has on fraud detected in
electronic payments in Hungary for the 2023-2024 period. First the current electronic
payment fraud landscape of Hungary is described through cybercrime tendencies, the
impact of digitalization on banking, and the regulatory background of electronic payments.
Then the KiberPajzs initiative is introduced together with its related communicational,
regulatory and law enforcement projects. Finally, the recent quarterly payment fraud
data published by the Central Bank of Hungary is examined and the effects of KiberPajzs
are evaluated. The author argues that the decrease in the number and value of fraudulent
electronic transactions and the increase in identified failed fraud attempts coincide
with the activities of the KiberPajzs initiative.
