News

Share
21st November 2022
10:48am GMT

"Don’t hand over your money to the first person you see on social media hoping that the product will be delivered."
The latest report from FraudSMART shows that nearly €45 million was stolen by fraudsters in the second half of last year with a rise of 37% on the previous year.
The report shows that debit and credit card fraud (including ATM) hit €14.5m, a rise of 18.5% since 2017.
Last year also saw that payment card fraud at "point of sale" or in-store return was comingback to pre-Covid levels as retail outlets opened without public health restrictions.
Head of Financial Crime with BPFI Niamh Davenport said: "It is at the highest levels it has been since 2017.
"We are going back to pre-pandemic levels and a lot of that is driven by pre-pandemic shopping.
"With Black Friday happening and the run-up to Christmas we are urging customers to take care.
"Today’s fraud figures are a stark reminder that consumers need to be on high alert during what is the busiest online shopping period of the year.
"We know that fraudsters are continuously updating and adapting their tactics and tools.
"As well as scam texts, phone calls and emails, scammers have developed a range of techniques to convince online users to disclose key personal or financial information.
"While banks are using a range of measures such as encryption and continuous fraud monitoring to protect their customers and ensure every day payments can be made securely, fraudsters are increasingly targeting businesses and consumers directly, so it is important for us all to know how to protect ourselves."Explore more on these topics: