Results 3,421-3,440 of 35,540 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: We are discussing scams and many people being left without money. Google has taken down some ads because they showed someone with a packet of Walkers crisps when the advertiser did not have approval to include a packet of Walkers crisps in its ad.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Would Google dispute the claim, were I to make it, that financial institutions had reported suspected fake websites to its platform but those sites were still on the platform a month later? Is that outside the norm or unheard of or could it have happened?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Could it have happened?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Time and again, I hear that it takes forever. It only takes a minute to scam someone, so if something is up for a couple of weeks, a great deal of damage could be done to many households. There are different types of scam. Interestingly, investment scams hit people the heaviest. People could be €100,000 or more out of pocket. If I googled, “Best savings rate...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: It is a common thing. Many of these ads are fake websites. When I googled the phrase today, it came up with a website calledcompare-deposits.com. It had exactly the same web address as one that was shared with us on 30 June by the CEO of Bank of Ireland. He told us that this website was fraudulent but was sponsored on Google’s platform. I do not know whether that ad was taken down...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: That website was reported to Google by Bank of Ireland. The witnesses say it may have been taken down but be back up again. Forgive my ignorance, but not-for-profit groups I have been involved with placed ads on Google, Facebook, etc. It costs a lot of money to get to No. 1. I do not mean if it is a broad issue. We were talking about best interest rates. To get one's website to No. 1 on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Could it be thousands of euro?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Would Meta say it would not be feasible for a financial institution to report to Meta and, four weeks later, for a fraudulent scam to still be on its site, which is sponsored and from which Meta receives money?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: These fraudsters are really sophisticated. I gave the statistics earlier from Britain, where 61% of all British payment frauds originated from Meta sites. There are advertisements on Meta's social media platforms from Elon Musk and Tesla, stating how people can just click a link and make €250,000 in the next couple of months. It does not take a wizard to figure out that that is a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: We will never be able to adjudicate on that because Meta does not know how much it gets from the fraudulent ads. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Or Mr. Ó Broin's company does not have the figure. The purpose of this session is not just to discuss the social media companies. It is to look at what we need to do about authorised push payment fraud. There is no doubt, in my view, that the social media companies have a role to play. The culprits are the people who are scamming, swindling and so on, but companies cannot financially...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: I thank the witnesses. I note from both Google and Meta's opening statements that the number of fraudulent websites and ads that have been taken down is massive. I note the work that is going on there. Regarding Amazon, Mr. Brophy was nearly back in his old role, giving a bit of financial advice to the committee, slipping into his old jacket too comfortably. I hear his opening statement...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: No. What I am asking about is where sellers on Amazon are selling an item, and when it goes to the purchase point, they are contacting the buyer and asking them to make payments off-platform using other types of apps like Venmo and so on, where the scam actually happens, although it is originating on the Amazon site.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: We can hear you fine, thanks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Okay, so Amazon does not track that. Amazon warns customers not to make payments off-platform, through Western Union or whatever, but to go onto the site. It is the right warning because if it is fraudulent, they will get their money back. It is a great service that is operated if people stay on the platform. It appears over and over that this is one of the scams that are attempted. A...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Sorry, it is the first item on the website in respect of avoiding payment scams. There is a number of items about how to avoid them and the first is "do not do business with a seller who directs you off the Amazon website." How are they getting on to the Amazon website in the first place and do the witnesses have any figures on how many people have been put off as a result of this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: I am sorry, I did not mean to interrupt Ms Bishop.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Authorised Push Payment Fraud: Discussion (Resumed) (24 Oct 2023)
Pearse Doherty: I appreciate all the responses.