Education authority hit for €50k in online scam

A Midlands education authority was caught for at least €50,000 by a phishing scam which is still under Garda investigation two years later.

The exact nature of the fraud against Laois-Offaly Education and Training Board (LOETB), or the amount involved, are not known. But the board has not been left out of pocket, due to co-operation between banks and a goodwill gesture by its insurers.

LOETB chief executive Joe Cunningham told the Irish Examiner it related to the administration of banking procedures with suppliers.