The Benefits of Playing Simpler Video Games From Time to Time

In the world of video gaming, we should endeavour to just keep it simple. Sometimes, there are benefits to moving from all-singing, all-dancing complexity to simple video games, and while this may seem like heresy, we’ve all got to dial it and remember that keeping things simple in our video gaming efforts can bring about a whole heap of positives, including the following:

A Pathway to Mastery

While simple games may lack in concept, the reality is that many classic games are difficult to truly master. Games like Sudoku and chess are excellent examples that have been perplexing people almost permanently. This means a satisfying challenge as players improve their skills over time. It can be incredibly complex to navigate modern gaming because of the sheer volume of functions, and this is why sometimes the simpler game mechanics, such as Sega Mega Drive and retro consoles, may have fewer features and are simpler. But this is a lesson in simplicity in every part of our lives. When we encourage ourselves to hone our abilities on simple and focused mechanics, we can achieve mastery and provide a solid gaming foundation that helps us in other aspects of our gaming journey.

Approachability and User Friendliness

Sometimes we just need to remember that simple is far more effective. Simpler games like Tetris are easy to learn and pick up, meaning that they are highly approachable for players of all skill levels. So rather than spending time fumbling with the controls trying to get into a game experience that we think we should be making the most of but getting frustrated in the process, simpler games like retro games with a handful of buttons make it a far more welcoming gameplay experience.

The Nostalgia Benefits

Nearly anybody of a certain age can look back on their childhood with fondness and remember playing games on the Commodore 64 or Super Nintendo. The enduring appeal of an old-fashioned game demonstrates that complex mechanics or graphics are not always necessary to provide an engaging gaming experience. We live in a world where games are heavy on content, and sometimes we need a palate cleanser. Shorter games with minimal rounds were all the rage in the 1990s. Games like The Terminator on the Mega Drive had four levels, providing an opportunity to enjoy gaming without being overburdened. That’s not to say they were games with more than a fair share of challenges. Flashback was another excellent game that had a handful of levels, but was densely layered.

While modern games are great for your memory and learning, sometimes we need to remember that simple can be far more sinister. Whether you’re looking for a nostalgic escape or a change of pace, complexity is something that we should shun in the modern world, not just in gaming but in life. Sometimes we can benefit from keeping things simple. Those older games like Pac-Man or Donkey Kong, as well as rhythm games such as Rock Band and Guitar Hero, can be a welcoming change from the norm.

 

Siemens Premium Multi Door design refrigerators impress with the most powerful ice maker on the European market

Refreshment at the highest level – the new Premium Multi Door refrigerators with Quick ice system deliver up to 5 kg of ice per day. With innovative solutions and an expressive design and refined details, the Multi Door refrigerators make a real statement in any sophisticated kitchen.

Whether it’s a festive occasion or just a warm day, ice-cold drinks are an absolute must. With the integrated Quick ice system, the new Multi Door refrigerators from Siemens supplies crushed ice, ice cubes and chilled, filtered water at the touch of a button. The Quick ice system guarantees an impressive output of up to 5kg of ice per day, enough for up to 30 glasses (220 ml), making it the most powerful on the European market.

Aesthetics and innovation combined

Choosing a freestanding Multi Door refrigerator from Siemens is not only an investment in quality, but also a clear statement of exquisite design: “At Siemens, we strongly believe that design offers a lot more than aesthetics. It encompasses enhancing the way we live. Our commitment lies in crafting appliances that captivate visually but also offer practicality and user-friendliness. The decision to buy a free-standing refrigerator affects the entire kitchen. Design plays a key role in creating an atmosphere of sophistication and modernity where form and function merge” says Sonja Schiefer, Head of Global Design for the Siemens Home Appliances brand.

Flexibility and adaptation to personal needs

Value category Premium | iQ700  
Colour   Black Steel  
Special Features ●    fixed water connection

●    illuminated rear panel

●    water filter

 

 
Highlights ●    integrated water and ice dispenser

●    Quick ice system for up to 5kg ice/24 hours

●    individual water fill volume memory via Home Connect

●    flexible storage options for groceries thanks to individually adjustable ladder system with 4 glass shelves

●    additional Multipurpose shelf

●    HyperFresh drawers <0⁰>:

fresh food compartment for fruit/vegetables – 27.8 ltrs

fresh food compartment for meat/fish – 31 ltrs

●    total capacity: 574 ltrs

refrigeration compartment 375 ltrs

freezer compartment 199 ltrs

●    all drawers are accessible when the door is opened 90°

Connectivity ●    temperature and door alarm

●    variable usage modes (Vacation, Eco, Fresh, Sabbath)

●    child safety lock

●    filter change warning signal (only for models with fixed water connection)

●    tank empty warning signal (only for models with water tank)

●    sleep mode

Design ●    side LED light strips in the refrigerator compartment

●    freezerLight (underside of door front)

●    antiFingerprint surfaces

●    metal applications

●    characteristic French doors

The interior also reveals the practical side of the design: innovative solutions allow the storage space to be adapted to personal requirements in terms of volume utilization and storage. Both the individually adjustable ladder system and the Multi-purpose shelf enable highly flexible use. The refrigerators offer a total capacity of 574 litres[1].

Further customizable usage options are available via the Home Connect app and various modes, such as eco or vacation mode, can be freely selected according to individual requirements.

HP Catches Cyber criminals ‘Cat-Phishing’ Users

 HP Ireland today issued its quarterly HP Wolf Security Threat Insights Report, showing attackers are relying on open redirects, overdue invoice lures, and Living-off-the-Land (LotL) techniques to sneak past defences. The report provides an analysis of real-world cyberattacks, helping organisations to keep up with the latest techniques cybercriminals use to evade detection and breach PCs in the fast-changing cybercrime landscape.

Based on data from millions of endpoints running HP Wolf Security, notable campaigns identified by HP threat researchers include:

  • Attackers using open redirects to ‘Cat-Phish’ users: In an advanced WikiLoader campaign, attackers exploited open redirect vulnerabilities within websites to circumvent detection. Users were directed to trustworthy sites, often through open redirect vulnerabilities in ad embeddings. They were then redirected to malicious sites – making it almost impossible for users to detect the switch.
  • Living-off-the-BITS: Several campaigns abused the Windows Background Intelligent Transfer Service (BITS) – a legitimate mechanism used by programmers and system administrators to download or upload files to web servers and file shares. This LotL technique helped attackers remain undetected by using BITS to download the malicious files.
  • Fake invoices leading to HTML smuggling attacks: HP identified threat actors hiding malware inside HTML files posing as delivery invoices which, once opened in a web browser, unleash a chain of events deploying open-source malware, AsyncRAT. Interestingly, the attackers paid little attention to the design of the lure, suggesting the attack was created with only a small investment of time and resources.

Patrick Schläpfer, Principal Threat Researcher in the HP Wolf Security threat research team, comments:

Targeting companies with invoice lures is one of the oldest tricks in the book, but it can still be very effective and hence lucrative. Employees working in finance departments are used to receiving invoices via email, so they are more likely to open them. If successful, attackers can quickly monetise their access by selling it to cybercriminal brokers, or by deploying ransomware.”

By isolating threats that have evaded detection-based tools – but still allowing malware to detonate safely – HP Wolf Security has specific insight into the latest techniques used by cybercriminals. To date, HP Wolf Security customers have clicked on over 40 billion email attachments, web pages, and downloaded files with no reported breaches.

The report details how cybercriminals continue to diversify attack methods to bypass security policies and detection tools. Other findings include:

  • At least 12% of email threats identified by HP Sure Click* bypassed one or more email gateway scanners.
  • The top threat vectors in Q1 were email attachments (53%), downloads from browsers (25%) and other infection vectors, such as removable storage – like USB thumb drives – and file shares (22%).
  • This quarter, at least 65% of document threats relied on an exploit to execute code, rather than macros.

Val Gabriel, Managing Director at HP Ireland, comments:

Living-off-the-Land techniques expose the flaws of relying on detection alone as try sneak past defences. As they are using legitimate tools, it can be difficult to spot threats without throwing up a lot of disruptive false positives. Threat containment provides protection even when detection fails, preventing malware from destroying user data or credentials, and preventing attacker persistence.  This is why organisations should take a defence-in-depth approach to security, isolating and containing high-risk activities to reduce their attack surface.”

HP Wolf Security runs risky tasks in isolated, hardware-enforced disposable virtual machines running on the endpoint to protect users, without impacting their productivity. It also captures detailed traces of attempted infections. HP’s application isolation technology mitigates threats that slip past other security tools and provides unique insights into intrusion techniques and threat actor behaviour.

About the data

This data was gathered from consenting HP Wolf Security customers from January-March 2024.

Creative Zen Air SXFI earbuds & Creative Zen Hybrid SXFI headphones launched

Creative Technology today proudly unveils its latest True Wireless Stereo (TWS) earbuds and headphones, the Creative Zen Air SXFI and Creative Zen Hybrid SXFI, designed to transport users into the immersive world of Super X-Fi. With a simple tap, users can expand their soundstage and be engulfed in every detail of their preferred content across platforms like Netflix, Spotify, and YouTube, all powered by the built-in SXFI technology. Boasting additional features such as Adaptive Hybrid ANC and Ambient mode, Bluetooth 5.3, low-latency of up to ~100 ms, the Creative Zen Air SXFI and Creative Zen Hybrid SXFI are poised to redefine how users engage with their favourite content.

Renowned for its ability to recreate the expansive soundstage of a high-end multi-speaker surround system, Super X-Fi now shines in the latest Creative Zen Air SXFI and Creative Zen Hybrid SXFI, enriching users’ listening experience with spatial audio. With Super X-Fi activated, users can transcend the boundaries of traditional stereo sound, immersing themselves in a three-dimensional audio world teeming with heightened realism and depth. Whether it’s the thunderous roar of a cinematic explosion, the subtle rustle of leaves in a forest, or the precise positioning of footsteps in a game, Super X-Fi delivers unparalleled spatial accuracy and depth, allowing users to truly feel like they’re part of the action.

Coupled with the SXFI APP, available on iOS and Android phones, the full potential of Super X-Fi can be further unlocked by personalising Super X-Fi to users’ exact head and ear shape for an even more precise rendition.

Beyond the Super X-Fi integration, the Creative Zen Air SXFI and Creative Zen Hybrid SXFI are packed with nifty features to cater to today’s diverse users. With Hybrid ANC, Adaptive ANC, and Ambient mode, users can seamlessly switch between the three modes, adapting to different environments and choosing to immerse themselves in music or stay aware of their surroundings. Moreover, the low-latency mode ensures audio stays perfectly synced up, whether users are gaming or watching movies. And with Multipoint connectivity, users can easily switch between two Bluetooth devices without missing a beat.

Zooming in on their primary features, the Creative Zen Air SXFI boasts custom-tuned 10mm Neodymium drivers, ensuring crystal-clear highs and well-balanced mids for an exceptional audio playback experience. With a total playtime of up to 39 hours (with ANC OFF), along with IPX5 water resistance and wireless charging capabilities, it’s perfect for those on the move.

The Creative Zen Hybrid SXFI features custom-tuned 40mm Neodymium drivers, delivering precise highs and deep lows for an elevated audio experience. With an impressive total playtime of up to 70 hours (with ANC OFF), users can enjoy extended listening sessions without any interruptions. Its foldable headband design adds to its portability, and support for analog line-in offers versatile connectivity options. Additionally, the built-in mics with ENC (Environment Noise Cancellation) ensure clearer communication during calls and voice commands, enhancing the overall user experience.

Pricing and Availability

Creative Zen Air SXFI is priced at £69.99 and is available for pre-order at Creative.com.

Creative Zen Hybrid SXFI is priced at £89.99 and is available for pre-order at Creative.com.

For more information, visit here

New online election hub set to enhance information accuracy and voter participation in Waterford

Esri Ireland, the market leader in Geographic Information Systems (GIS), is today announcing that its digital mapping system is being used by Waterford City and County Council to help bring real-time and accurate electoral information to local citizens. It is expected to drive voter participation in the upcoming local and European elections taking place in June.

This is the first dedicated resource of its kind to be rolled out by a local authority in Ireland, and provides information in both the English and Irish languages.

The Election Hub platform, built using Esri’s ArcGIS technology, is providing 127,000 citizens across Waterford with easy access to transparent information about electoral candidates, existing elected representatives, electoral areas, and voting and registration FAQs. Real-time data from the Register of Electors is streamed daily into the hub, creating a one-stop-shop and putting authoritative and accurate information at the fingertips of local voters.

The hub enables citizens to explore and download interactive maps of the six electoral areas within the Waterford region where they can enter their Eircode to find their elected representatives, from local councillors to TDs. Voters can also locate their allocated polling station, and even get directions from their home address.

The Election Hub is also leading to more focused campaigning and representation for electoral candidates. Both new candidates and elected representatives can view the electoral area maps within the hub to improve their understanding of the areas they represent or seek to represent.

The platform also levels the playing field for new and existing candidates in the lead up to elections, giving everyone equal access to information about the electorate. When elections take place, Waterford City and County Council plans to update online dashboards on the Election Hub as the results of each count are declared.

In addition, the use of the technology internally is improving the accuracy of the electoral register. Waterford City and County Council can now easily spot anomalies where clusters of houses may have been assigned to the wrong electoral area or where a voter has entered an incorrect Eircode. The inclusion of a link to the Irish Government’s Check the Register website is also encouraging more citizens to verify their information, leading to more accurate data about households.

Jon Hawkins, GIS Project Lead, Waterford City and County Council, said: “Waterford City and County Council needed to make information about elections more accessible to members of the public, help them find their polling stations, and remove other barriers to participation. Configuring the hub was very straightforward and it was an intuitive and responsive solution to build. The platform aims to educate citizens, inspire public confidence, and support Waterford’s prospective and elected representatives. The easy-to-use hub provides transparent, accessible information for citizens in both Irish and English to promote greater voter participation in elections.”

Dermot O’Kane, Head of Sales, Esri Ireland, said: “This is such an important platform which has not only improved the quality and accuracy of electoral information, but will ultimately encourage more people in local communities to have their voices heard by demystifying the voting process. It also helps local candidates to better connect with households in their electoral areas. Waterford City and County Council is doing invaluable work in this area and we are delighted to support this innovative use of our ArcGIS technology. Our system is flexible and can scale as the council’s capabilities continue to grow.”

Revolut warns more than 2 million customers in Ireland following sharp rise in job scams

Revolut, the global financial app with more than 40 million customers worldwide, has directly issued a fraud warning to more than 2 million of its customers in Ireland, cautioning those looking to boost their income that job-related scams are on the rise — and advising them on how to stay ahead of these sophisticated job scams.

Amid the rising cost of living, sophisticated scammers are taking advantage, warns Revolut. According to its inaugural Financial Crime and Consumer Security Insight Report, the global financial app found that while just 1% of fraud victims in the country were subject to job scams in 2023, 15% of the total sum lost to fraud in Ireland — second only to investment scams (53%) — was caused by people falling for false job opportunities in a bid to boost their income.

This form of authorised fraud sees scammers post fake job openings either online or by reaching out directly to victims via messaging apps, posing as employers or recruiters. As part of the phoney application process, scammers either request money upfront or require personal financial information to defraud the victim. Common tactics include asking people to pay for training, administration costs, or setup fees, or to purchase required equipment, such as a laptop or a mobile phone. This poses a notable risk for those entering the job market for the first time after school or college, people struggling with the cost of living, or those looking to get back to work.

Revolut’s report also found that job scams had increased globally over the course of 2023 — the most of any type of scam. In Q1 2023, job scams represented only 1% of Revolut’s global fraud cases, as well as just 1% of the overall value of all money lost to fraud. However, by Q4 2023, these figures rose to 12% of all cases and 21% of the overall value lost to scams, increasing 1,200% and 2,100% respectively.

Based on extensive internal research and data analysis for 2023, the report aims to shed light on the growing scam and fraud industry across the globe, and provide tangible watch-outs for everyday people to help them protect themselves. Among the findings, Revolut revealed that in 2023, the company is estimated to have prevented over €550 million in fraud losses, up 130% from 2022. This was largely thanks to its proprietary fraud detection system, which deploys cutting-edge machine learning and artificial intelligence methodologies.

Woody Malouf, Head of Financial Crime at Revolut, commented: “Having harnessed data from more than 500 million transactions per month, our dedicated fraud intelligence team has observed the evolution of job opportunity scams that prey on unsuspecting job hunters. Given the cost of living and high inflation, the number of reported job scams has dramatically increased. Sadly, criminals prey on those seeking a legitimate way to better their income, particularly young and often inexperienced job seekers. Our customers’ security is of paramount importance to us so please pay heed to this warning; we work tirelessly to identify patterns and spot unusual activity, helping our customers to stay ahead of emerging scam trends.”

Revolut’s advice to stay one step ahead of scammers:

  • Observe our warnings. Our proprietary AI systems never sleep. They scan more than 10,000 transactions per minute and flag suspicious transactions in just a few seconds.

  • Stay alert. Always question things that seem too good to be true.

  • Trust your instincts. If something feels off, take a step back and investigate by doing your own research.

  • Be extra cautious. Use secure channels. Stick to trusted websites and platforms for transactions.

  • Report suspicious activity. If something seems suspicious, let Revolut know — we’re here to help 24/7, directly from the app.

To read the full Financial Crime and Consumer Security Report 2023 and learn more about Revolut’s fraud prevention efforts, visit here.

For more information, visit www.revolut.com/en-IE.

Tech Review – Ringke case line-up rear lens protector and screen protector for the Google Pixel 8a

Next up we have the Ringke case line-up and their new rear lens protector and dual easy film protector for the Google Pixel 8a which in short will protect your phone front top to bottom and front to rear with the latest products they have on offer.

Havin used Ringke goods before on many devices you are in safe hands and what is new here that I like most is the new rear lens protector.

The cases already do a great job of protecting the entire camera bar on the rear which Google’s own case once again forgot on the 8a meaning it will be free from scratches. The lens cover is an extra measure to ensure the glass does not get damaged and ideal here for Pixel 8a.

We also have 4 cases to check out so we will leave all the links below as to what you prefer and all cases are good but there is some differences to be noted, they all work with wireless charging and give additional grip, the two clear cases has less texture on them for better grip so my two favourites are

This is subjective though on what one prefers as the clear cases let you see the phones color and still offer a decent lip around the front protecting the screen you could place them all face down and the keys again all tactile and work really well check the video below for more but the choice is yours.

Google Pixel 8a Case | Onyx

  • Tough heavy-duty protection case with a Ringke-exclusive design for the Google Pixel 8a.
  • Made of slim & lightweight TPU material for increased protection against impact and scratches.
  • Streamlined design with an anti-skid & anti-fingerprint granulate texture on the back and frame.
  • Duo-QuikCatch lanyard holes on each side of the device allow for the usage of accessories such as hand straps, wrist lanyards, and phone charms. (Additional accessories not included)
  • Supports wireless charging and screen protector compatibility.

BUY

 

Google Pixel 8a Case | Fusion

  • Secure your Google Pixel 8a in a minimalist clear case to display the natural beauty of your device.
  • Durable hybrid case made of polycarbonate transparent back panel and TPU bumper frames.
  • Impact absorbent and lightweight design enhance grip-ability with minimal bulk.
  • Duo-QuikCatch lanyard holes on each side of the device allow for the usage of accessories such as hand straps, wrist lanyards, and phone charms. (Additional accessories not included)
  • Supports wireless charging and screen protector compatibility.

BUY 

 

Google Pixel 8a Camera Lens Protector | Glass (3 Pack)

  • Compatible with Google Pixel 8a
  • Shield your smartphone’s rear camera lens with a full-coverage glass protector
  • 5-Layer coating enhances efficiency and durability without adding extra bulk
  • Easy-to-install via clear adhesive for maximum transparency
  • Take clean pictures and videos through super-clear glass with zero flash interference.
  • Case-friendly design

BUY 

 

Google Pixel 8a Screen Protector | Dual Easy Film

 

  • Protect the Google Pixel 8a with a slim, lightweight film-type screen protector.
  • Made of high-performance EPU with self-healing properties, easy swipe feel, and fingerprint-resistant coating.
  • Full adhesive design reduces the chances of lifting after folding and guarantees a genuine touchscreen response.
  • 4-layer structure for maximum protection. Includes a transitory adhesive layer that removes dust and allows for multiple re-tries for the perfect alignment.
  • Case-friendly design. Complete your protection by pairing it with a Ringke case for a guaranteed fit!

BUY

 

Video Review

Transformative Investment from IBM Ireland to create up to 800 high value tech jobs

Technology giant IBM Ireland today announced a new investment that will create up to 800 high-tech jobs across Ireland, helping build advanced software underpinned by the latest Artificial Intelligence technologies to advance Security, Automation and Hybrid Cloud. The AI technology will include foundational and Large Language Models that are key for Generative AI.

The investment will create hundreds of roles in research and development, as well as digital sales and consulting; and see Ireland continue to be among IBM’s strategic locations globally. The roles will be created across IBM sites in Dublin, Cork and at IBM’s subsidiary, Red Hat, located in Waterford.

The new staff will join IBM’s and Red Hat’s vibrant and diverse workforce, and help enhance Ireland’s rich and highly skilled technology talent pool that supports employment in knowledge-intensive and high-technology sectors.  As the EU leader for the number of science, technology, engineering and mathematics (STEM) graduates per capita, Ireland has a talent pipeline fuelled by skilled young people while educators collaborate with industry to provide the skills needed in the future.

IBM has been in Ireland for more than 65 years during which time it has continually evolved its operations and capabilities to support the company’s global strategy. Today, IBM’s operations in Ireland help clients across key sectors such as financial services and healthcare streamline their business processes, increase productivity and gain competitive advantage through technology. Ireland is also host to IBM Research’s only facility in the EU.

The three-year investment is supported by the Government of Ireland through IDA Ireland.

Speaking of the announcement Taoiseach Simon Harris said, “I very much welcome IBM’s announcement today which not only reinforces the company’s deep-rooted commitment to Ireland as a strategic location but is also set to deliver real impact to the Irish economy through job creation and by strengthening specialist skills and expertise. Furthermore, this news demonstrates Ireland’s continued attractiveness as a preferred location for global companies to build out their digitalisation, research and innovation capabilities.”

Minister for Enterprise, Trade and Employment, Peter Burke said: “This is fantastic news. Today’s announcement that IBM Ireland are to create 800 skilled tech jobs between Dublin, Cork and Waterford, is hugely welcome. IBM is a world leader in Technology and has been a long standing high value employer in Ireland for almost three quarters of a century. Ireland is now ranked as the fifth most advanced digital economy in the EU, and having IBM choose Ireland for this new project is another vote of confidence in our country. The Government fully supports advancements in AI and Digital Transformation, and these roles will allow for exciting innovative opportunities for many of our skilled workforce throughout the country. Thanks to IBM for your continued investment here and best of luck to all involved in this exciting new initiative.”

Speaking of the announcement James Kavanaugh, IBM senior vice president and chief financial officer, said, “As IBM continues to help organizations transform their businesses with hybrid cloud and AI, attracting, developing, and retaining talent remains a key priority. Today’s announcement is a result of our strong relationship with IDA Ireland and the Irish government, but is also a testament to the calibre of talent here in Ireland, one of many reasons Ireland continues to be a strategic location for IBM.”

Deborah Threadgold, IBM Ireland country general manager, added, “We’re thrilled to announce this landmark and transformational initiative that will position the Irish operation at the cutting edge of next generation technology development within IBM globally.”

Speaking of the announcement, Michael Lohan, IDA Ireland chief executive officer, said “This is a remarkable initiative by IBM Ireland that will not only drive transformation within IBM and Red Hat’s operations but will deliver strong impact in Dublin, Cork and Waterford. It is also set to deliver real uplift in the Irish technology ecosystem by advancing capabilities across key growth areas for IDA Ireland such as Cloud, AI, Quantum and Cybersecurity.  IDA Ireland has partnered with IBM for more than 60 years and we look forward to continuing to do so throughout this exciting project.”

For the latest information and to apply for the currently open roles at IBM and Red Hat, visit:

https://www.ibm.com/careers/

https://jobs.redhat.com

1 in 3 financial service organisations falling behind in preparation for new EU rules to fight cybercrime

In advance of the European Anti-Financial Crime Summit taking place in Dublin tomorrow at the RDS, the Compliance Institute is calling on Ireland’s financial services organisations to ramp up their efforts in getting up to speed on their obligations under new EU rules and the enforcement of the Digital Operations Resilience Act (DORA).

Published in the Official Journal of the EU on December 27, 2022, DORA is set to be fully applicable from January 2025 onward and establishes a regulatory framework for digital operational resilience in the financial sector. This Directive addresses the digital operational risk of financial entities regulated by the Central Bank of Ireland and is the first of its kind aimed at preventing and mitigating cyber threats.

According to a recent survey from the Compliance Institute, almost one in three (32pc) financial service organisations in Ireland have not yet begun to prepare for new EU rules which will help them prevent and mitigate cyber-attacks – one of the most prevalent types of financial crime in Ireland, despite it being only seven-and-a-half months before the new rules come into force.

Commenting on the findings, Michael Kavanagh, CEO of the Compliance Institute said:

“This Summit is an important date in the financial services sector calendar for 2024. The forum fosters and prompts discussion and debate on some of the biggest challenges facing Ireland’s financial organisations.

Ireland is now Europe’s largest data hosting cluster, putting the need for elevated cybercrime and data protection systems into sharp focus. Regulators need to ask themselves how they can regulate and supervise without stifling innovation. Businesses and organisations need to ask how they can best prepare and respond, and the general public also needs to know what measures they can take to protect themselves”.

Cybercrime

In a separate survey conducted by the Compliance Institute of 230 compliance professionals in financial services organisations nationwide at the end of 2023, hacking, phishing, online scams, and other variations of cybercrime were found to be the most prevalent financial crimes in Ireland (See Appendix).

Mr. Kavanagh went on to say,

“Cybercrime is developing and advancing at a pace so fast that organisations and legislators cannot keep up. These attacks can have catastrophic consequences not just for those whom they are perpetrated against, but for the wider public. We only have to look at the devastation that was caused to patients following the 2021 hacking of the HSE to understand the severity of the crimes.

Regulators in Ireland, and around the world, are constantly updating and issuing new guidance to firms in response to emerging cyber security issues, such as fake documentation and the reliability of information sources”.

DORA

Mr. Kavanagh explained,

“The main objective of DORA is to prevent and mitigate cyber threats and ensure that financial entities can withstand, respond to, and recover from all types of ICT-related disruptions and threats. So, there are clearly huge benefits and protections in store for both financial institutions and consumers alike as a result of these new rules coming on board – provided the rules are complied with”.

Other headline findings from the Compliance Institute survey reveal that:

  • More than half (54pc) of compliance professionals in the financial services sector have limited awareness of the new rules
  • About one in eight (14pc) have no awareness of the new rules
  • Less than half (46pc) are familiar with the new rules.

Mr Kavanagh added:

Figures published by the Banking & Payments Federation Ireland (BPFI) earlier this year show there was a 26pc jump in fraudulent scams in the first six months of 2023. The particular scams involved here were authorised push payment (APP) fraud, involving online and mobile banking transfers, with victims conned out of a total of €8.6 million in the first half of 2023.

While the internet and tech are woven into the very fabric of our lives and have brought untold benefits to how we live our lives, they have also brought many dangers. And it’s incumbent on all financial institutions to educate themselves on – and take – the steps necessary to protect themselves and their consumers as much as possible from the dangers of cybercrime. The rules laid out under DORA have been designed with this objective in mind. We would hope that the next few months will see a bridge in the knowledge gap that currently exists around DORA and what it means for Irish organisations. It is important that all businesses and financial services organisations play their part and follow the lead of regulators so that they – and the wider economy – are in a position to withstand the growing incidence and severity of cybercrime.”