The Meath County Council, which manages millions of euros a month in payments to thousands of public servants around Ireland, has suffered a €4.3m (£3.6 million) cyber-theft.
A review of the Council's security systems was carried out this week in light of the incident in Meath. Deputy CEO, Kieran Kehoe is “as confident as one can be”, that its cyber-security systems can hold back any further international attacks.
It is understood that the money was stolen from Meath County Council's bank accounts in an identity theft scam over the October bank holiday. It was intercepted by the National Economic Crime Bureau and the funds were frozen in a Hong Kong bank.
Last Saturday, Meath County Council came forward on the attack and stated: “The sophisticated attempt to steal €4.309 million was detected before the transaction was completed. The council's bank was alerted and the matter was reported to the garda֝í who provided assistance through the Financial Intelligence Unit in the National Economic Crime Bureau and through Interpol.”
“The funds have been secured and the matter is now the subject of criminal investigations and legal proceedings in Ireland and abroad. In light of the ongoing investigations, the Council has been advised to make no further comment on the matter at this time.”