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Donohoe backs NTMA management after €5m fraud incident

Minister for Finance Paschal Donohoe has backed the management of the National Treasury Management Agency after it was subject to a €5m fraud.

Business • 14 Jul

Spike in 'safe account' scam warning - BOI

Bank of Ireland has issued a warning over what it calls a dramatic increase in reports and cases of attempted so-called 'safe account' scams

Business • 06 Jun

Bank of Ireland said it offers a 24/7 fraud telephone support for customers on 1800 946 764

Fraudsters try to make every day April Fool's Day - BoI

Bank of Ireland is today warning customers that fraudsters do not just try to fool you for one day, they are always active.

Business • 01 Apr

The new study shows that phone calls, text messages, and emails are the most common channels used by scammers.

Over 80% of consumers targeted by scammers last year

Over 80% of Irish consumers were targeted by scammers last year, new data shows.

Business • 29 Jan

Card payment fraud rate is by far the highest among payment methods, new research from the Central Bank shows

Fraudulent payments rise by 26% in 2023 - Central Bank

New research from the Central Bank shows that the total value of fraudulent payments rose by 26% in 2023, increasing to €126m from €100m in 2022.

Business • 24 Jan

You should be able to trust the food you find in your local shop - but sometimes all is not what it seems

Trick or Treat: The growing global problem of food fraud

A global and increasingly complex food chain has created more opportunities for criminals to commit food fraud, writes Adam Maguire.

Business • 30 Oct 24

Bank of Ireland is alerting consumers of a wave of new fraud attempts after the announcement of energy credits in the Budget

BoI says energy credit news sparks new fraud attempts

Bank of Ireland is warning customers to be very vigilant to a wave of new fraud attempts following the announcement of a range of new energy credits this week.

Business • 04 Oct 24

An SMS scam filter operates like the spam filters applied to email boxes and would detect and block harmful links or content

Bank of Ireland's plan to increase protection from fraud

Bank of Ireland has outlined a four point plan to better protect consumers and businesses from fraud amid a 76% increase in investment fraud this year.

Business • 05 Sep 24

Over 1,117 people have reported incidents of investment fraud since Janaury 2020

'Staggering' investment fraud rise as €28m stolen in 2023

Gardaí have warned of a "staggering" rise in cases of investment fraud - with more than €28m stolen from victims last year.

Ireland • 23 Aug 24

BOI Security reports fake ads to social media companies but the response 'isn't where we would like it to be'

Phone calls from fraudsters offering fake investments

Bank of Ireland Security play a significant role in disrupting the activities of fraudsters.

Business • 15 Aug 24

The majority of investment fraud starts out on social media, with fraudsters then continuing their attempts via phone or text

Sharp rise in investment fraud in first half of 2024

There was a 74% increase in the volume of investment fraud attempts in the first half of the year, according to a new survey.

Business • 14 Aug 24

60% of consumers are worried about online shopping fraud - with some opting to shop in-store only to reduce their risk

Consumers worried about frausters' use of AI - survey

Irish consumers are worried that generative artificial intelligence could lead to more sophisticated financial fraud, according to a new survey from PTSB.

Business • 05 Jun 24

Fraudulent card payments were up 8.2% on 2022

€100m stolen through frauds and scams in Ireland in 2023

Almost €100m was stolen by fraudsters through frauds and scams last year, new data shows.

Business • 30 May 24

Between €1,000 and €10,000 is typically scammed from victims (Stock image)

Fraudsters re-target victims promising to recover money

The banking industry is warning people who have previously fallen victim to investment fraud about new scams where the fraudsters are promising to recover their lost money.

Business • 07 May 24

Bank of Ireland said the practice of fraudsters recruiting students and young people as "money mules" is on the increase with much recruitment done through social media

Bank of Ireland warns of impacts of money muling

Bank of Ireland has warned today that "money-muling" - allowing a bank account to be used to transfer stolen money for a fee - can lead to a criminal record and impact travel or employment prospects.

Business • 28 Mar 24

Tánaiste Mícheál Martin initiated court proceedings late last year seeking to identify the people behind false ads linking him to a cryptocurrency scam

Bank of Ireland calls for crack down on scam articles

Bank of Ireland is warning about an increasing number of false articles appearing online designed to defraud consumers through fake financial products, investments or cryptocurrency schemes.

Business • 15 Mar 24

PTSB COO Peter Vance and Expleo MD Phil Codd

PTSB introduces anti-banking fraud software

Permanent TSB has introduced a new feature to its banking app which it says will help prevent customers falling victim to fraudulent scams.

Business • 12 Oct 23

Baz Ashmawy and the team of 'fake Baz' characters remind the public not to take anything at face value when it comes transactions online or unsolicited calls as part of Bank of Ireland's fraud awareness campaign

Bank of Ireland launches new fraud awareness campaign

Bank of Ireland is warning customers to be extra vigilant in their interactions with businesses online, and when responding to unsolicited or unexpected texts, emails or phone calls as the number of impersonation scams continue to rise.

Business • 28 Sep 23

The average amount of money involved in each mule case was €10,000 (Stock image)

50% rise in money passing through 'money mule' accounts

Nearly €17.5m was transferred illegally through so-called "money mule" accounts between January and June of this year, according to new figures.

Business • 08 Sep 23

Invoice redirection fraud is growing in prevalence

Small firms conned out of €8m through fraud last year

Small firms were conned out of €8m last year as a result of cases of invoice and so-called CEO impersonation fraud.

Business • 29 Mar 23

Irish consumers will spend tens of millions of euro online in the lead up to Christmas

Yuletide tricks: Avoid the pitfalls of online shopping

With the Christmas shopping period now well underway, consumers should take care to avoid falling prey to the tricks of scammers and even retailers, writes Adam Maguire.

Business • 24 Nov 22

Lloyds also saw a higher ratio of likely fraud with some 3.6% of its £8.5 billion of bounce back loans categorised as under suspicion

Lloyds racks up £300m of likely scam Covid loans

Lloyds Banking Group has been hit by more than £300m of suspected fraud linked to Covid-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.

Business • 07 Sep 22

A file will now be prepared for the Director of Public Prosecutions

Man arrested over fraud charges released

A man in his 20s arrested in connection with fraud charges - including a false claim of around €49,500 from the Pandemic Unemployment Payment - has been released.

Ireland • 15 Jul 22

The Central Bank of Ireland said it will never contact you asking for money, your personal data or your PPS number

Fraudsters impersonating Central Bank of Ireland

The Central Bank of Ireland has warned that six fraudulent entities have used the Central Bank's logo and name in efforts to defraud consumers.

Business • 10 Jun 22

Gardaí say cases of fraud have increased due to more people working from home

Gardaí issue warning following increase in fraud cases

Cases of fraud have increased due to more people working from home, together with better processes by criminals to capture the online activity of consumers making purchases in Ireland and abroad, Detective Chief Superintendent Pat Lordan has said.

Ireland • 01 Apr 22