Published: December 09 2023
Recently, there has been a hacking incident involving thousands of Simple Pay accounts in Hungary. However, no financial damage was incurred in the process. In this article, we will provide an overview of the incident and the actions taken by Simple Pay to address the issue.
Digital data thieves managed to hack the accounts of thousands of Simple Pay users by using stolen username and password combinations on non-OTP interfaces. They also changed the registered email addresses of these accounts using a robotic method. Fortunately, due to the lack of access to CVC codes of the bank cards linked to the accounts, the hackers were unable to initiate any payment transactions.
No Financial Damage Incurred
OTP, the parent company of Simple Pay, emphasized that no financial damage occurred as a result of the hacking incident. Additionally, Simple Pay promptly blocked the affected accounts to prevent any fraudulent activities.
Simple Pay has taken the necessary steps to address the situation. They have filed a police report regarding the incident and are working to restore the affected accounts. This ensures that users can regain access to their accounts and resume using the payment app for various services such as purchasing motorway stickers, parking, cinema tickets, and train tickets.
In light of this hacking incident, it is crucial for users to prioritize security measures when using payment apps or online platforms. Users are advised to create unique and strong passwords, avoid using the same password for multiple accounts, and enable multi-factor authentication whenever possible. Additionally, it is important to regularly monitor account activity for any suspicious transactions and report them immediately to the respective platform or bank.
By staying vigilant and taking proactive steps, users can help safeguard their personal and financial information from potential cyber threats.
Questions & Answers
What is Simple Pay? Simple Pay is a payment app created by OTP Bank in Hungary that allows users to manage purchases of various services such as motorway stickers, parking, cinema, and train tickets.
What happened to thousands of Simple Pay accounts in Hungary? Thousands of Simple Pay accounts were hacked by digital data thieves who used stolen username and password combinations on other non-OTP interfaces. The hackers changed the registered email addresses using a robotic method.
Was there any financial damage incurred due to the hacks? No, there was no financial damage incurred. Since the hackers did not have access to the CVC codes of the bank cards associated with the hacked accounts, they were unable to initiate any payment transactions.
What action did Simple Pay take after the accounts were hacked? Simple Pay immediately blocked the affected accounts after the hacking incident. They also announced their intention to file a police report and restore the hacked accounts.
Who should I contact if my Simple Pay account has been hacked? If your Simple Pay account has been hacked, you should contact Simple Pay customer support. They will assist you in filing a police report and restoring your account.
Is it safe to use Simple Pay for making payments in Hungary? While Simple Pay was targeted by hackers in this incident, it is important to note that no financial damage occurred. Simple Pay has taken prompt action to block the affected accounts and restore them. As with any online payment service, it is recommended to practice good account security measures, such as using strong passwords and enabling two-factor authentication, to ensure the safety of your account.