Feature Article
Tickets Selling Fast for Annual Dinner 2018
 
Tickets are selling fast with only 400 remaining! The fantastic line-up of speakers includes Anne O'Leary, President Dublin Chamber and CEO Vodafone and Minister Paschal Donohoe.

 

Please book as soon as possible to avoid disappointment. Taking place in the Convention Centre Dublin on Thursday 11th of October, the black-tie dinner is a must-attend event in the Chamber calendar. Tickets are priced at €205 and a table of 12 can be purchased for €2460. BOOK NOW. For further information, contact carol@dublinchamber.ie.


Thank You to All Supporters of our Charity Golf Day!

 

We would like to say a massive thank you to all of the teams and players who took part in and the supporters of our Annual Charity Golf Day in St.Margaret's Golf & Country Club. The event was a huge success and helped to raise essential funds for our charity partners Dublin Simon Community.  Read more for full details of the winners on the day.


The players on the winning team were John Sansome, Dublin Simon Community, Allan Chapman, Comit PR, Graeme McQueen, Dublin Chamber and Declan Gray, Evolve.  
 
In second place were the team from Inspired Sports, with Bank of Ireland coming in third. 
 
The real winners of the day however were our charity of the year - Dublin Simon Community-  with a four figure sum raised.
 
The golf day is one of a number of fundraising initiatives held by the Chamber during the year, with all proceeds going to our nominated charity of the year.
 
A big thank you to our hosts, St Margaret’s Golf & Country Club, who pulled out all the stops to deliver a day (and an incredible BBQ!) that will live long in the memory of all who played.
 
Many thanks to our sponsor the O'Callaghan Collection Hotels for their partnership and their delicious refreshments on the course. 
 
 
Winners: Mixed team (John Sansome, Dublin Simon Community, Allan Chapman, Comit PR, Graeme McQueen, Dublin Chamber and Declan Gray, Evolve)
Longest Drive (Women): Katie Keegan (mytaxi)
Longest Drive (Men): Stephen Clifford (HSBC)
Nearest the Pin: Conor Crowley (Bank of Ireland)
Economic Crime a Serious Business Issue- PwC Survey 
 

A much wider awareness and understanding of the range, threat and cost of fraud in business has driven reported economic crime to its highest level recorded in PwC’s bi-annual survey of business crime. 

 

Fraud and cybercrime in Ireland has hit record levels, the costs, especially post the event, are significant. Irish businesses are investing more than global companies to combat crime but more can still be done.  These are some of the key findings in the PwC 2018 Irish Economic Crime and Fraud Survey published today. 


 

 

 

The incidence of economic crime in Ireland has increased significantly and so too has the cost

In line with the global trend, half (49%) of Irish firms have suffered economic crime and fraud in the last two years, up from a third (34%) in 2016 and 26% in 2010.  Cybercrime (61%) leads economic crime experienced in Ireland, and has overtaken asset misappropriation (29%) for the first time.  Consumer fraud (42%) and business misconduct (16%) also feature prominently. 

 

While two-thirds (66%) of survey participants reported the cost of the most disruptive crime to be less than €810,000, we see a growing trend of larger losses represented in the survey with over one in ten (11%) suffering significant frauds in excess of €4m, up from just 3% in 2016.  It is also worrying that almost a fifth (18%) of participants revealed that they either did not know the overall cost or that it was immeasurable. 

 

Clean-up costs in Ireland substantially more than global companies

The clean-up costs of economic crime are also substantial.  For example, seven out of ten (69%) participants confirmed that they had spent the same or more on the subsequent investigations as the actual crime itself – and was substantially more than the global experience (46%).  Interestingly, the survey also suggests that few Irish businesses fully appreciate the impact of fraud on employee morale, business relations and their reputation/brand while global companies are much more aware of the potential collateral damage.

 

Pat Moran, PwC Ireland Cyber Leader, said:  “Actual crime could well be higher than reported crime which makes the findings from this survey even more concerning.  What the survey is clearly showing us is that there is a better understanding of what fraud is through risk assessments and where it is taking place through cyber security programs. 

“However, despite the progress in understanding and reporting, the fact that just over half (51%) say they have not, or  don’t know if they have experienced fraud in the past two years, suggests blind spots still exist in many organisations.”

 

Incidence of cybercrime in Ireland is double that globally and is expected to rise

The survey reveals that the incidence of cybercrime in Ireland has increased substantially - 61% reported having suffered cybercrime over the last two years compared to 44% in 2016 – and is double global levels (31%).  A similar proportion (61%) also expect even more cybercrime in the future, up from 36% in 2014.

 

Phishing was the most prominent (66%) technique for targeted cyber attacks, followed by malware (56%); surprisingly this was substantially less for global companies (33% and 36% respectively). 

 

Irish companies doing more than global counterparts to find fraud, but still more to do

According to the survey, half (51%) of Irish participants had increased the level of spending on efforts to combat fraud in the last two years (Global: 42%).  This trend looks like continuing with 59% planning to step-up these efforts in the next two years (Global: 44%). 

 

Six out of ten (60%) performed fraud risk assessments in the last two years (Global: 54%). It is disappointing, at the same time, that four out of ten (40%) Irish companies have not yet undertaken any fraud risk assessments. 

 

Irish companies are also doing more than global counterparts to prevent and detect cybercrime.  For example, three-quarters (75%) had a fully operational cybersecurity program (75%) in place to deal with cyber risks (Global: 59%) while 73% had performed a cyber attack vulnerability assessment in the last two years (Global: 46%).

 

Pat Moran commented: “As the value of transactions over the internet increases exponentially year-on-year, fraudsters are turning to new ways of re-directing funds and are successfully achieving their goals. The funds allocated to crime detection and prevention are increasing, with Irish companies investing more than global companies, and that has a multiplier effect in terms of understanding and detecting fraud.  With the rise in reported frauds, this may suggest that Irish companies have been rewarded for their efforts to uncover crime.  But fraud levels are still rising. Put simply, the impact of fraud is no longer an acceptable cost of business.”

 

Few using data analytics and AI to help combat fraud

The survey reveals that there are significant opportunities in Ireland to further leverage certain emerging technologies to help combat fraud and economic crime. Just one in ten (11%) said that they used technology to detect fraud compared to a quarter (23%) of global companies.  Just 15% had used data analytics and only 6% had used Artificial Intelligence in the last two years to help combat fraud which also lagged global companies.

 

Pat Moran continued: “There is a real opportunity to make the business case for robust new investments in fraud prevention and detection through the use of emerging technologies. Leading global companies are leveraging innovative and cloud-based techniques to identify suspicious patterns and pre-empt economic crime and fraud.”

 

“Fraudsters are becoming more strategic in their goals and more sophisticated in their methods.  It’s a big business in its own right.  It is an enterprise that is tech-enabled, innovative, opportunistic and pervasive – like the biggest competitor you did not know you had.”

 

Corporate culture

Nearly half (47%) of Irish respondents said that changes in the geopolitical landscape will increase the opportunities for fraud in the next two years (Global: 26%).

 

With the public’s tolerance for corporate and personal misbehavior declining, in addition to beefing up their internal corporate controls, almost a quarter (22%) of Irish respondents reported detecting fraud via tip-offs.

 

Pat Moran concluded: “We are seeing more and more organisations now recognising that fraud is simply too costly to ignore. Fraud is the product of a complex mix of conditions, only some of which can be tackled by corporate controls and machines. 

“Organisations should also ensure that they have the right culture, including setting the tone from the top with a spirit of open accountability, where people in the organisation understand what is acceptable behaviour.  While corporate controls and technology have a strong role to play in monitoring and detection, when it comes to blocking that ‘last mile’ to fraud, the returns from people initiatives are likely to far exceed those from investing in another piece of technology.”

 

---------------

 

About the survey

PwC’s Economic Crime and Fraud Survey, a major global initiative, is conducted every two years having 7,200 participants in 123 countries.  In Ireland, 77 organisations participated representing all key sectors and industries.

More News
New Water Charges Regime Unveiled
 

Plans to standardise water rates across the country have been unveiled, with implications for firms throughout the Greater Dublin Area.

 

Save the Date!

Dublin Chamber will host a special briefing for businesses at 8am on Friday 13th July. Irish Water representatives will present their proposals to Chamber members and answer your questions. Book your space now.


Irish Water has presented proposals for a new pricing system to the Commission for the Regulation of Utilities (CRU) this month. This new ‘harmonised’ system aims to replace the varying prices across the country with a new nationwide model for commercial water users. The proposal can be viewed in full here.

 

A consultation is now taking place to gage business reaction. It is important that the voice of Dublin business is heard.

 

Save the Date!

Dublin Chamber will host a special briefing for businesses at 8am on Friday 13th July. Irish Water representatives will present their proposals to Chamber members and answer your questions. Book your space on our website now.

 

Meanwhile, Dublin Chamber wants to hear from you. What impact do water service charges have on your cost base? And what are you concerns facing into the new water tariff system? To share your input, please email policy@dublinchamber.ie with ‘Water Tariffs’ in the subject line.

Budget 2019
 

We have begun our lobbying campaign for Budget 2019. We are calling on the Government to invest in Ireland’s infrastructure, grow Ireland’s businesses, and invest in Ireland’s human capital.

 

If you have insights to share in any of these areas, email policy@dublinchamber.ie with ‘Budget 2019’ in the subject line.


 

Dublin Chamber has begun its lobbying campaign for Budget 2019. We are calling on the Government to invest in Ireland’s infrastructure, grow Ireland’s businesses, and invest in Ireland’s human capital.

 

This year, the Chamber is arguing that the fiscal space should be used to safeguard Ireland against external shocks by strengthening the fundamentals of the economy: our infrastructure; our indigenous businesses, and our labour market.

 

Among the issues we have highlighted so far are:

  • Dublin’s disproportionately low level of capital investment
  • The need for investment in public transport and water infrastructure
  • Ireland’s lack of tax competitiveness vs. the UK ahead of Brexit
  • The need to support and reward entrepreneurs
  • The need to encourage more investment in Irish SMEs
  • Skills shortages in the Greater Dublin Area putting pressure on wage costs
  • The need for more affordable childcare to improve low levels of female participation in the labour force.

 

Our pre-Budget priorities and preliminary recommendations have been presented to the Oireachtas Committee on Budgetary Oversight and discussed at a high level with the Department of Finance. Our final submission will be made in the coming weeks.

 

If you have insights to share in any of these areas, email policy@dublinchamber.ie with ‘Budget 2019’ in the subject line.

Membership Plus
Download the App for Free Today!
 

Download the brand new app today to make the most of your Membership Plus card and easily find over 1,500 offers and discounts at your fingertips!

 

Here’s what you can do:

Search for offers - By keyword or location using the search bar. Use the map - Find discounts on your doorstep or further afield. Leave reviews - Share your experience with other members. Suggest venues - Where would you like to enjoy a Membership Plus discount?

 


Export Documentation & Consular Services
 

The Export & Consular Services department helps companies to get goods shipped abroad, to register products in export markets and to visit export customers.

 

Enrolment is now open for our One-day International Export Documentation Course (27 September). 

 


Export and Consular Services

 

Documents and services offered include:

•             Certificates of origin issued and stamped

•             Certification of export documentation

•             ATA Carnets, for the temporary export of goods, issued,

•             Legalisation of export and regulatory documentation,

•             Visas for your business travel needs.

 

For further information on any of the above services please contact: Richard Brown (01 644 7204 / richard@dublinchamber.ie) or Aleksandra Balcerzak (01 644 7205 / aleksandra@dublinchamber.ie)

 

Export Documentation Course

 

Enrolment is now open for a comprehensive International Trade Development course on 27 September delivered by trainers from Export Edge. Participants of this one day course will achieve practical overview of Trade Terms and Documents in International Shipping and Payments. 

 

International Trade Export Documentation Course 

Event date: 27th September 2018

Event time: 9.00am - 4.00pm

Cost: €450 for Chamber Members and €490 for others. Fee includes course material, lunch and refreshments.

Venue: Dublin Chamber, 7 Clare Street, Dublin 2

 

COURSE OUTLINE
Information Sources

- International Trade Risks

 

Shipping and Trade Processes
- Modes of Transport: Air, Sea, Road & Rail

 

ICC INCOTERMS
-Applying International Commercial Terms
-Delivery, Costs, Responsibilities and Risks

 

International Payment issues
-Payment Risks

The courses are subject to minimum participant numbers and bookings will typically close one week prior to the course start date.

Cancellation Policy: Please note, that in the event of a cancellation less than 48 working hours before the commencement of a course, a 50% cancellation fee will be charged. 100% cancellation fee will also apply to non-arrivals on the day. Dublin Chamber reserves the right to cancel the event.

 

For further information contact aoifengo@dublinchamber.ie

 

Culture Calendar
 

What's on in Dublin? Check out these cultural events that are happening all over the city this summer.

 

Dublin LGBTQ Pride Festival

Date: 21st- 30th June 2018

Venue: Locations all over the city

 

Free Gallery Highlights Tours

Date: 1st July- 31st August

Venue: National Gallery of Ireland

 


Dublin LGBTQ Pride

The 2018 Dublin LGBTQ Pride festival is currently taking place from June 21st- 30th, with Pride pre- Parade festival from 12noon and the Parade taking place at 2pm on Saturday, June 30th.

For more information about the various events happening all over the city see: http://dublinpride.ie/

 

Free Gallery Collection Tours
Join NGI for a free tour exploring some of the highlights of the Gallery's permanent collection.
For the months of July and August the National Gallery will have a free public tour each weekday at 2.30pm, in addition to our usual weekend schedule of tours.
Plenty of opportunities to catch a quick art fix!
For more information see: National Gallery of Ireland

 

 

Talking to our Community
 

Dublin Simon's supporters are at the core of everything they do at Dublin Simon Community and their mission is to speak to each and every one of them.

 

Doing this requires significant manpower and with 90% of their income going directly to providing services for people experiencing homelessness, Dublin Simon need your help in contacting their support base. If you would like to get involved, please email jenniferkitson@dubsimon.ie


Dublin Simon's supporters are at the core of everything they do at Dublin Simon Community and their mission is to speak to each and every one of them.

 

Doing this requires significant manpower and with 90% of their income going directly to providing services for people experiencing homelessness, Dublin Simon need your help in contacting their support base.

 

Dublin Simon have developed a skills-share and volunteer day and would be delighted with any help that you could give.  The majority of the calling campaigns are centred on a simple ‘Thank You’ message.

 

Your team of 10 to 12 people will be located in a specialised hub in Dublin Simon Community offices and a member of staff from Dublin Simon will provide training and answer any questions.

 

The day begins at 10am with an introduction to our history and the work we do and runs until 4pm with a break for lunch.

 

Remember, by taking part in 'Talking to our Community' you are supporting a vital cost saving initiative allowing Dublin Simon to allocate more funds to our front-line services.

 

If you would like to get involved, please email jenniferkitson@dubsimon.ie

Chamber News Roundup

**Ditch Your Carbon Cup Print**

We are delighted to be partnering with students from CBS Charleville Secondary School who are offering a solution to reducing the number of single-use cups in the workplace with their project "Ditch Your Carbon Cup Print". The entrepreneurs will be hosting an information stand at our next Business Owners Network on July 20th. 

 

** Room Hire **

Looking for room hire in the city centre? We have some great room rates available for members here at 7 Clare St. Take a look at our rooms here and for further information contact  Ruthe@dublinchamber.ie.

** Dublin Chamber on Instagram **
Want a little more Dublin Chamber in your life? If you're an Instagram user, be sure to follow our account.

 

 


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