Firms Lose €6m In A Year To Email Scams

Gardai issue online fraud warning

- Laura Colgan

GARDAI issued a stark warning over an email scam that saw nearly €6million stolen from companies in Ireland last year.

Invoice-redirect fraud, also known as business email compromise fraud, involves scammers impersonating a supplier and asking a business to pay money into their new bank account.

Scammers send an email with a spoof email address, a spear-phishing email that looks like it’s from a trusted source or use malware to take over a legitimate business email account and send an email from that.