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News Headlines | NTMA still to recover €2.5m stolen in phishing attack
AI generated summary, Read the full article for complete information.
The National Treasury Management Agency (NTMA) has recovered €2.5 million of the €5 million lost in a voice‑phishing scam that targeted a fake invoice from an Ireland Strategic Investment Fund investee, and will tell the Public Accounts Committee that its IT systems were never compromised. An independent Deloitte forensic review, now completed, confirmed the breach was limited to the fraudulent payment request and led to a set of recommended safeguards, which the agency has fully implemented. Chief Executive Frank O’Connor will also update the committee on the national debt, now around €200 billion and projected to approach €250 billion by the 2030s, stressing that while low‑interest‑rate conditions have helped lower borrowing costs, future debt servicing will become more costly as rates rise and low‑cost debt matures. The NTMA continues efforts to recover the remaining €2.5 million.
Read more: https://www.rte.ie/news/2026/0514/1573230-ntma-still-to-recover-2-5m-stolen-in-phishing-attack/
#NTMA #FrankOConnor #Deloitte #PublicAccounts #TreasuryManagement #FrankOConnor
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