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4. The Internet without Fear - Overcoming Payment Frauds


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  • Overcoming Payment Frauds with Una Dillon of IPSO - 29 Oct 2008

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We are joined in the studio this week by Una Dillon of Ipso (Irish Payment Services Organisation), who will take us through some information on how online banking works and what some of the fraudsters are up to and how to stay safe.

The show is sponsored by ICS Skills, who bring you Equalskills the fun and exciting way for complete beginners to learn all about using computers and the internet – for young and old.

As we are learning, the internet is part of our lives with over 50% of the population connected.

The internet is driving our lives in so many ways. From the basics such as email and searching for something on Google to podcasts (that means that this program can now be downloaded to listen to on an ipod or your computer) and monitoring your home security.

One of the greatest fears, is fear of the unknown and so it pays to be up to date on not only what you can get from the internet, but also the dangers From viruses, to credit card fraud, pornography to identity theft, the list goes on, at least by being aware, you can take evasive manoeuvres and stay on the safe road.

Facts Section

Card fraud levels in Ireland reached €12million in 2007. While Chip and PIN has dramatically reduced Ireland 's exposure to card fraud in a Card Present environment, criminals are already looking to other avenues to generate revenue from card crime.

Buying online takes almost all of the physical effort out of shopping, enables you to shop with retailers from around the world and helps you to find the very best of deals. For these reasons (and many more) shopping online has become hugely popular in Ireland.

In fact, as much as 20%-30% of Irish debit and credit card transactions are now carried out in a Card Not Present (CNP) environment.

Although the vast majority of business operating online are honest and legitimate organisations, 64% of all card fraud in Ireland is carried out in a Card Not Present environment and this percentage is likely to continue to grow.

Reduce the risk of identity fraud

Some 92 percent of employees believe that the identity of their firm's staff and customers could be stolen by a fraudster, according to a pan-European survey commissioned by Fellowes. The study was undertaken as part of National Identity Fraud Prevention Week, which took place in Ireland from the 6th to the 12th October. Further, 75 percent of employees expressed the view that their organisation should be doing more to prevent ID fraud.

Nevertheless, the survey also found that 63 percent of respondents believe that information could be stolen from their company's computer system.

Presenter: Peter Lawless

Radio Station: Dublin City FM 103.2

Airtime: 29 Oct 2008, 1.30pm - 2pm

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