Ms Niamh Davenport:

Under the current process, the case will be investigated. This is why I always say that time is of the essence in reporting the fraud as quickly as possible. The bank will do a recall on the transaction and it will try to get the funds back. Also, an Garda Síochána can investigate if the funds have gone. The fraudster is literally sitting waiting for that money to come in to his bank account. As soon as it comes in the fraudster disburses it among a number of other bank accounts. The quicker a person acts and the quicker we can recall the payments, the more money we can attempt to get back. If there is no money to come back, there is no money to come back, so that is the difference.