Warning against phone fraud

BUSINESSES could be at risk of losing thousands of euro through phone fraud, telecom company Minutebuyer said yesterday.

The company said employers needed to watch out for staff misusing their phone systems and also warned that they were open to attack from outside hackers.

It quoted garda estimates that fraudsters could rack up bills of €90,000 over the course of a weekend and said the annual cost of failing to tighten up phone security could be as high as €60 billion worldwide.