Trinity College Dublin has spent €184,000 on IT specialists to investigate how the college was defrauded of nearly €800,000 last year, and on legal fees to try recover the funds.
Early last year an unauthorised individual gained access to the email account of an employee working in the fundraising arm of the college, and transferred €790,741 from the Trinity Foundation account.
The university has successfully recovered €217,810, John Coman secretary of the college outlined in a note to the Dáil public accounts committee (PAC).
However, some €184,000 has been spent by the university on efforts to recover funds and investigate the cyberfraud, the note outlined.
More than €60,000 was spent on an inquiry into the fraud,…
