State's debt management agency loses €5m in phishing attack
Frank O’Connor, NTMA Chief Executive and Paschal Donohoe TD at the NTMA Mid-Year Business Update 2025. Picture: Chris Bellew / Fennell Photography
Ireland's National Treasury Management Agency, the state body that manages debt and the sovereign wealth fund, will review its security protocols after losing €5m in a phishing attack.
The scam was discovered last week after staff at the €17bn Ireland Strategic Investment Fund (ISIF) - a sovereign development fund that the agency also runs - expressed concern about a payment made to what they thought was an investee company.
