Gardai have issued a stark warning over an email scam that saw nearly €6 million stolen from companies in Ireland last year.
Invoice-redirect fraud, also known as business email compromise fraud, involves scammers impersonating a supplier and asking a business or an individual to send money to a new bank account claiming they've changed banks.
They provide a new IBAN and BIC code for this new account and often the target does not know that they have been a victim of a crime until later when the legitimate supplier sends a reminder for invoice payment.
