Payment fraud now worth €160m as 815,000 scam payments recorded

Central Bank warns fraudulent payments on the rise

The number of fraudulent payments recorded in Ireland surged 40% last year, costing businesses and individuals €160m, with scam online payments alone costing €124m. 

The number of fraudulent payments recorded in Ireland surged 40% last year, costing businesses and individuals €160m, with scam online payments alone costing €124m. 

Figures released by the Central Bank show online payments accounted for 77.4% of the total fraudulent value in 2024.