Increasingly complex scams are taking almost €1 million a day from Irish consumers
While you are reading this sentence someone somewhere in Ireland is being targeted by faceless criminals with a laser-sharp focus on conning them out of their life savings and ruining their lives.According to official figures, close to €1 million is stolen from Irish consumers every day by a growing number of increasingly complex and plausible scams delivered via a dizzying array of platforms at a speed most of us cannot comprehend.
We didn’t know it then but we were living in the good old days. These days the scams are increasingly plausible and sinister, with criminals ever more adept at using the most advanced social engineering techniques to steal from us.and respond to your queries in real time and in a fashion that is entirely believable. Now you have some idea where we could be heading.
Around €115 million is lost due to scam text messages and €187 million to bogus calls. And of course there are other scams beyond ComReg’s remit, including Alongside awareness campaigns, banks, tech and telecoms companies must share the burden. It is not a great stretch to suggest that if these multibillion euro enterprises were suddenly at risk of losing significant sums of money themselves, they would act faster to bring the “blight” under control.
The way the stolen money can disappear needs to be addressed, too. Criminal gangs exploit the innocence of the young and the desperate whom they employ as money mules, hijacking bank accounts to transfer money across the world.
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