Irish banking chief warns fraudsters have more ways than ever to target victims

Banking leader Susan Russell says fraud is now an 'omnipresent threat' as criminals exploit digital platforms to steal billions

An early 19th Century Irish forged note.

Criminals have never had so many ways to target their victims for financial crimes, the president of Banking & Payments Federation Ireland (BPFI) has warned.

Susan Russell, who also heads the Bank of Ireland Retail division, warned that fraud has evolved into a frontline battleground in financial crime, with criminals now targeting consumers directly and stealing billions of euro from innocent victims.