Mr. Richard Walsh:

The technology and fraudster behaviour is changing constantly. It is very hard to say any one country has defeated this. As Ms Davenport has said, we are quite good. However, our concern is that we have probably done as well as we can yet the landscape is still evolving. We do see a situation where things could get worse for Ireland if we do not start putting these bigger projects in place. In the UK, the Royal United Service Institution, RUSI, is a very well regarded security think tank. It has been consulted about the situation in Ukraine, etc. It produced a very interesting report for us, looking at Ireland and comparing it to other countries. The summation was that Ireland is doing well, given the limited capabilities that it has. We have taken that as an alert that we are now possibly entering into a new situation where if we do not get these other strategies and information sharing in place, we will find ourselves slipping down the ranks.