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 Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

It could also escalate. In the absence of having a national strategy, a co-ordinated approach and all of those things, AI could work the other way. My concern is that, as other jurisdictions are ahead of the curve in combating all this, then the fraudsters will obviously move to more vulnerable jurisdictions. That leaves us more vulnerable all of the time.

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