Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

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

Authorised Push Payments Fraud: Discussion (Resumed)

Mr. Michael Cryan:

It is impossible to say. In investment fraud, for example, the figures can be very high. In accommodation fraud, the figures are lower. Romance fraud can fluctuate from very low to very high. As regards account takeover, it depends how much is in the victim’s bank account. It is impossible to say and it would be wrong to give an average figure.