AIB Cahir ordered to provide account info for cyber fraud investigation

Allied Irish Bank have been ordered to hand over the details of an account in a Tipperary branch, as a Dutch company claims it was the victim of cyber fraud.

The company alleges that they paid a sum of money in an account at the AIB brand in Cahir after it received an fraudulent email.

A Dutch pharmaceutical company has secured a High Court order compelling Allied Irish Banks to provide details of an account in one of its Tipperary branches, after it claims it has been a victim of cyber fraud.

The bank was not objecting to the order sought, however could not release the information for confidentiality and data protection reasons.

Norgine BV paid 440,000 euro into an account at the AIB branch in Cahir, Co Tipperary.

The money was intended for products supplied to it by an Italian supplier, which was paid into the account in Cahir after the company received an email saying the supplier’s bank details had been changed.

Norgine complied with the request but the monies were never received by the supplier.

While a portion of the money was since recovered, it says a loss of just under 400,000 euro remains outstanding.

The purpose of the application was to identify the person or persons who dealt with the account and to find out where the money had gone.

It was discovered that the email was fraudulent as it had a Turkish domain.

It was not known at present who had committed the fraud and investigations are ongoing.