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The Hungarian Parliament has recently adopted an amendment (Act No CXXIX of 2015) to the Information Act that will provide regulation regarding how data controllers must treat data breach incidents. Under the amendment, a data breach incident is any unauthorized processing of data, including the unauthorized access, alteration, unauthorized transfer,…

In response to a recent series of fraud in the Hungarian investment sector, the Hungarian Parliament amended the Criminal Procedure Code to impose more stringent regulation on asset freezing in case of white collar crimes committed in connection with financial services. The amendment also authorizes courts to freeze managers’, board…