Bank of Ireland has reported a 50 percent rise in ‘smishing’ fraud cases where fraudsters send fake text messages appearing to be from delivery services including An Post or Government agencies including the HSE and Revenue. With the rise of SMS and phone scams, Donal McGuinness CEO at Prommt, believes consumers are becoming more savvy when it comes to identifying fraudulent texts, however, many still fall for scams from time to time, especially older generations. Donal thinks knowing how to identify fraud attempts now may be helpful going forward, as the scams evolve and become even more sophisticated.

Ronan talks to Donal about his background, SMS scams, two factor authentication and more.

More about Donal McGuinness:

Serial entrepreneur Donal McGuinness is CEO of Prommt. He studied Computer Science at DCU and Telecommunications Engineering at DIT and spent the early years of his career in the telecommunications industry. His experience in mobile payments dates to 1999 when he founded his first mobile payments company, ItsMobile. Donal was also a Non-Executive Director of the Irish Internet Association from 2009 to 2011 and a movie distribution business from 2002 to 2020.

In 2016 Donal joined a silicon valley startup in the identity verification space called Danal inc, where he set up and grew the global business outside of the USA as General Manager of EMEA until 2019 when the business was acquired by Boku Inc for $112 million USD. Donal joined Prommt as CEO in 2019. He is an innovator and is passionate about payment innovation.

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