Cyberattacks continue to rise amid outbreak

The attacks on community banks and their customers continue to rise, reinforcing the need to refocus on cybersecurity while adjusting to the “new normal,” ICBA Director of Operational Risk Steven Estep wrote in Main Street Matters.

Estep wrote that three types of attacks and scams have risen sharply: phishing attempts related to COVID-19 issues, advance fee scams requiring up-front payment for products that do not exist, and attacks on technologies required for remote work. Read the post.