Brendan Burgess
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Fraud by rogue employees rises 400% in a year in Ireland
Gardaí have found evidence of insiders at banks and credit card companies passing details to others for fraud
In a number of cases, gardaí have also uncovered evidence of employees, including those working for banks and credit card companies, harvesting sensitive data in their workplaces, such as account numbers.
This has then been passed on to people they are in a relationship with, or living with, for the purposes of being used in frauds.
Some of those employees are privy to anti-fraud measures being taken by financial institutions and other businesses. That results in them constantly honing their tradecraft in a bid to avoid detection or being able to quickly engage in new tactics to beat the most up-to-date security measures.
Garda sources said this evolving tradecraft is aided by the fact the rogue employees often have specialist skills, having secured their positions because of their background in IT, for example.
Gardaí said that though awareness around insider fraud, especially in the financial sector, had increased, there was widespread acceptance in the Garda that many crimes were not being reported. And that means the real level of offending was much higher than the official trends suggested.
