Computer fraud hits companies

Thursday, 6 June 2002, 11:15 AM EST

Accountants Ernst and Young revealed yesterday that one of the firms lost 80,000 over the St Patrick's Day weekend.

The growing crime, called Telco fraud, has cost companies worldwide billions of dollars.

Michael Harris of Ernst and Young told RTE: "The phone systems have a modem and people can dial into that modem from their PC and when they type in a password they have full access to the telephone system and they can change anything they want.

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