Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payments Fraud: Banking and Payments Federation Ireland

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is why the levels of scamming are much higher. Given the trend in this regard, is it fair to say we are losing the fight against the scammers? They are steps ahead of us. There has been a 35% increase in authorised push payments and there are significant levels of unauthorised push payments. The number of people defrauded and the value of the amount of money pocketed by the fraudsters has also increased.

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