Oireachtas Joint and Select Committees

Tuesday, 24 October 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payment Fraud: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

There is no understanding between social media companies and the banks on reporting fraudulent activity. Mr. Ó Broin could make the same point about me or my mother, who is 80 years of age. He could say that my mum should know how to contact the company because she can look it up on Google and find the address and send a letter. Surely to God, when we are trying to deal with scamming that is ripping off customers, to the tune of tens of thousands of euro in some cases, there should be an understanding between social media companies and financial institutions about a prompt way to report.

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