“UCC strengthened its finance controls through additional bank detail verification procedures,” it said. The documents also record the fraud incident related to the UCC Tyndall Institute and an industry partner in the Netherlands, which were targeted during the 2024/25 financial year. “A third-party hacker infiltrated the email system of the industry partner,” it said. “UCC received a fraudulent request to amend the recipient’s bank details to divert €35,000 of research which was being transferred. Project AlphaIn its wider review of the financial year, UCC noted that 2024 was a “challenging but successful year financially”.

Source: Irish Examiner February 19, 2026 13:07 UTC