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
Mr. Richard Walsh:
The Deputy has raised a very interesting point. While we do not want to go too far into the detail of some of the tools that we are looking to develop, one of them involve using the 98% or 99% of people who can recognise a fraudulent text. They could be very valuable in reporting. If they were able to forward on a fraudulent text, it may give a sense that there is now an active campaign in place that has started up. If we are seeing a lot of them in a short amount of time, we could look to block those to domains.
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