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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