Over one million customers warned of the dangers of Investment Fraud

Bank of Ireland has written to over one million personal and business customers to warn them of the risks of investment fraud.  The warning comes as research has revealed that Irish consumers are being targeted by scammers with increasing regularity, with 94% of the population saying they’ve received a fraudulent text, email or phone call […]

Bank of Ireland warns about false articles online

“No company should be generating advertising revenue from criminals – social platforms really need to step up and crack down.” Bank of Ireland is warning about an increasing number of false articles appearing online designed to defraud consumers through fake financial products, investments or cryptocurrency schemes. The articles appear like news articles from genuine media […]

Sustainability-linked loans now available to over a third of Irish dairy farmers

Dairygold has announced a new partnership with Bank of Ireland to offer the Enviroflex loan package to Dairygold Milk Suppliers. Now available to over a third of all Irish dairy farmers, Enviroflex is designed to support Dairygold Milk Suppliers who are actively engaged in implementing environmentally sustainable initiatives to reduce their farms’ environmental footprint. A […]

‘New Year, New You’ spending takes off in first two weeks of January

Spending on gyms up 17% versus last year, sports clubs up 40% Bank of Ireland credit and debit card data for the first two weeks of January reveals that ‘New Year, New You’ spending in gyms and sports clubs shot upwards compared to last January. Many consumers are focusing on fitness and health, with spending on […]

New Extra Help Hub for vulnerable customers and their families and carers launched byBank of Ireland

The Hub will act as a ‘where to next?’ on managing financial affairs for people and families in challenging circumstances Bank’s Vulnerable Customer Unit has handled 30,000 cases since 2019 75% of calls relate to three areas: financial abuse, power of attorney, and support for those who have lost decision making capacity Bank has partnered […]

Savings and Investment Index shows climate change is fastest growing concern

Bank of Ireland’s Savings and Investment Index in Q3 2023 shows that climate change is the fastest growing concern, with almost a quarter of households (23%) now citing it as their number one worry, almost double the level seen in Q4 2022. While inflation continues to be the dominant concern (30% of households), it has […]

Fraudsters using family impersonation to prey on customers during holiday season

A spike in ‘family impersonation’ text messages reported in July 25% increase in customers falling victim to “Hi Mum/Dad” text scams Increase coincides with holiday season, with family members likely to be away from home Never trust text messages – stop, think and check! Bank of Ireland is warning of a high volume of family impersonation […]

Bank of Ireland donates €1 million to cost of living crisis response

Bank of Ireland is donating €1 million to organisations supporting those most at risk from cost of living pressures. The donation will be targeted to a range of groups including children and families at risk, older persons, those with disabilities, lone parents, international protection applicants, and low-income families. The Bank is making €500,000 available immediately with […]

New Fraud Text-Checker service launched as three in four report receiving fake texts

74% of the adult population have received a fraudulent textappearing to be from their bank – up 37% since 2021 Bank of Ireland introduces Text-Checker service for customers to verify texts Cybercrime expert, Professor Mary Aiken advises:  ‘Stop, Think, Check’ A new Text-Checker service to verify if text messages are legitimate has been launched for […]

“Adopt the Zero Trust Principle – Never Trust, Always Verify”

·        Bank of Ireland research reveals that fraudsters are contributing to the stress of the nation with over 68% of those surveyed worried about being targeted by online fraudsters. ·        Increase in people receiving a fraudulent email, text or call – from 55% to 61%, 2020 to 2021. ·        Cybercrime expert Professor Mary Aiken advises: “We need to adopt the ‘Zero […]

Next Page »