Two investigations have been launched following a suspected cyber fraud at Trinity College.

Gardaí are investigating and Trinity College Dublin and the Trinity Foundation have engaged an external computer forensic team to conduct their own probe into the matter.

The college has confirmed that some money was recovered following the discovery but says it is too early to say whether everything can be recovered.

It says that any shortfall will be made up from the university's future commercial revenues.

In a statement it said: "Trinity Foundation, the fundraising organisation of Trinity College Dublin, was alerted by its bank of suspicious activity in its accounts.

"It was discovered that the foundation has been the apparent victim of a computer-based fraud. This has been reported to the gardaí who are investigating the matter.

"Some money was recovered following the discovery but it is too early to say whether everything can be recovered. Any shortfall will be made up from the university's future commercial revenues.

"In addition to the garda investigation, Trinity College Dublin and Trinity Foundation are conducting a detailed investigation and have engaged an external computer forensic team to assist in establishing the technical details of what happened.

"The Data Protection Commissioner's office has been informed and is liaising with the university. As both the garda criminal investigation and internal investigation are continuing, Trinity will not be making any further statements at this time."