Mr. Richard Walsh:

Where the technology can really become effective is where two sectors are working together, such as mobile operators with banks. Banks can work with mobile operators to be able to define what to look out for and what to block. Working through ComReg, our ambition is to see how many of these messages we can block from going out in the first instance to prevent people being presented with a text that has a link in it, for example.

Deputy Durkan spoke about how people might inadvertently get caught up by security checks and get locked out. There is a trade-off between protecting an account from repeated attempts to access it versus the inconvenience of someone being locked out. This discussion has been going on for as long as the ATMs have been out there.