Fresh wave of fraud hits as Ulster Bank and KBC exit market

There’s a lot of account switching going on, with fraud prominent

Fraudulent messages also purport to come from power companies, couriers, online marketplaces, streaming services, mobile providers, and even your employer.

Never click on links in text messages or emails that appear to be from your bank. That’s the message from FraudSMART, the banking industry’s fraud awareness body.

They say that victims of message scams, or ‘smishing’, were tricked out of an average of €1,700 in the first half of this year. Over the same period, businesses were conned out of an average of €14,000.