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:

Again, it depends on the type of crime and whether it is an authorised or unauthorised transaction. The answer to that is that I do not know. With regard to the takeover, it is quite high. With regard to the romance frauds and investment fraud it is lower because it is something the victim has authorised, as against unauthorised payment. Again, it depends on the type of crime it is.