Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

In relation to push payments, financial fraud and scams are on the rise. According to FraudSMART, the fraud awareness initiative led by Banking and Payments Federation Ireland, fraudsters stole nearly €45 million through frauds and scams in the second half of 2021, an increase of 50% compared with the previous year. Citizens are increasingly aware and frightened of the techniques fraudsters are using. These have become sophisticated with time, including through authorised push payment fraud. What steps are the Government and Department taking to tackle this growing crime?

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