Banks must tighten up on security, says expert

BANKS and other large financial institutions have to significantly tighten security arrangements if further tiger kidnapping are to be prevented.

Paul Dwyer, who has worked with the FBI and MI5 and runs the leading security consultancy firm Team Infosec, says that questions would have to be asked about security measures after a gang yesterday stole €7 million from Bank of Ireland.

The tactic of holding relatives or friends of people with access to large sums of money is a forceful weapon in the armoury of tiger gangs. In yesterday’s case, a bank employee was forced to comply with the gang’s wishes after some of them attacked his partner, her mother and her five-year-old grandson.