News | Latest Breaking News Stories & Headlines

FraudSMART said that fraudsters are targeting holidaymakers with offers

Holidaymakers urged to be on high alert for travel scams

Consumers are being warned to be on high alert for a seasonal rise in scams linked to last-minute travel and holiday deals.

Business • 18 Jun

FraudSMART is partnering with ISME to launch a new fraud awareness campaign for SMEs

Over €17m lost by SMEs through email-related scams

Small and medium-sized businesses have lost over €17m through email-related scams over the past two years, new figures show today.

Business • 10 Apr

New research by the Banking & Payments Federation of Ireland found the prevalence of scam communications is rising

More than 70% targeted by scam communications monthly

More than three quarters of Irish adults are being targeted with scam text messages, emails, phone calls or online content at least once a month.

Business • 10 Mar

The FraudSMART campaign has launched Scamchecker.ie

One in five regular online shoppers scammed in last year

One in five regular online shoppers has lost money through scams over the past twelve months, new research has found.

Business • 02 Dec 24

Customers are being conned out of between €6,000 and €8,000.

Consumers warned of new 'direct debit' scam on the rise

Consumers are being warned of a new 'direct debit' scam which is falsely leading people to believe their bank account has been hacked.

Business • 23 Oct 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

The BPFI is warning consumers to be on heightened alert for what it says are 'highly sophisticated' variants of investment scams (Stock image)

Investment scams growing in frequency and complexity

Consumers are being warned to be on the alert for elaborate investment scams involving online and mobile banking transfers.

Business • 01 Feb 24

In Ireland alone last year, there were 365,000 cases of fraudulent scams

Scam alert - Higher incidence and more sophisticated

Scams are back in the news with two recent warnings from the banks about fraudulent contacts. While they're constantly increasing in frequency, they're also getting more sophisticated. AI has the potential to make them more prevalent, but it could also help in combatting them.

Business • 24 Sep 23

Fraud losses reached almost €85m last year - BPFI

Almost €85m was defrauded from people in Ireland last year, according to new figures from Banking and Payments Federation Ireland - an increase of 8.8% on 2021.

Business • 14 Jul 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

Some of those involved in money muling were as young as 15 (stock image)

€12m moved by 'money mules' in first half of year

More than €12 million was transferred illegally through so-called "money mule" accounts in the first six months of the year.

Business • 26 Oct 22

Scams have increased in prevalence in recent months with the impending departure of Ulster Bank and KBC Bank from the market here

Surge in scams expected as banks depart market

Victims of text message scams were left out of pocket to the tune of €1,700 on average during the first six months of this year, according to FraudSMART - a fraud awareness initiative led by the Banking and Payments Federation.

Business • 10 Aug 22

When asked who the fraudster was pretending to be, more than half said a Government department or agency

Scams jump 80% as victims conned out of €16m in 2020

There was an 80% jump in the number of fraudulent scams carried out last year, with victims conned out of almost €16 million.

Business • 07 Oct 21

Card fraud across the banking industry reached €12m in the first half of 2019

Banks issue warning about Covid-19 scam attempts

The banking industry here has warned consumers to be on the lookout for an expected rise in online fraud and scam attempts that try to take advantage of the circumstances around the Covid-19 crisis.

Business • 31 Mar 20