Bank of Ireland Fined €1.6 Million After Failing To Report Cyber-Fraud Incident To Gardaí
€106,000 was paid into an account after the bank took instructions from a fraudster impersonating a client in September 2014
Bank of Ireland only informed Gardaí of the incident a year later after being told to do so by the Central Bank.
A Central Bank investigation noted serious deficiencies in how Bank of Ireland handled third party payments and BOI's lack of transparency about the incident misled their inquiry.
More from Cork
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Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
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Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
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International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
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UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
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Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
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UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries