New data has revealed that victims of text message and call scams known as 'smishing' were swindled out of an average of €1,700 for the first six months of the year.
Over the same period, businesses lost an average of €14,000 due to invoice fraud.
They are the findings of FraudSMART - the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI) - as they launch a new information and awareness campaign.
