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

How do the witnesses feel about the social media companies being in a win-win situation? They are taking money from the fraudsters in terms of paid advertisement to scam us and then they are taking money from the industry to try to prevent the scammers. Do social media companies and telecommunication companies that are accepting paid advertisement on their platforms have a responsibility to compensate victims?

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