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.