Irish Examiner view: We need better protection against fraud

Prevention should be the priority

Interpol put the global losses from fraud at an estimated €382bn last year, but stressed the true amount was likely to be well above this figure due to significant levels of under-reporting. File picture

The warning from Interpol that the incidence of recorded fraud in Europe surged by 70% in 2025 is alarming. Even more worrying is that the international police organisation says the situation is going to get much worse, thanks mainly to the availability of AI and sophisticated deepfake technology.

The amount of money involved is staggering. Interpol put the global losses from fraud at an estimated €382bn last year, but stressed the true amount was likely to be well above this figure due to significant levels of under-reporting.