Warning as Irish firms lose millions in sophisticated invoice scams

Two firms lost €650,000 recently in the so-called invoice redirection fraud

Two companies have been defrauded of more than €650,000 between them following an internet email scam.   Photograph: iStock

Two companies have been defrauded of more than €650,000 between them following an internet email scam. Photograph: iStock

Irish business owners have been warned of an internet email scam which has seen fraudsters steal €650,000 from two firms recently.

The companies lost the money after responding to what looked like legitimate invoices from suppliers.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.