Washington, D.C. (Oct. 1, 2020) — As Americans venture online in greater numbers to accommodate work, school and shopping realities due to the COVID-19 pandemic, the Independent Community Bankers of America (ICBA) and the nation’s community banks are offering practical steps during Cybersecurity Awareness Month to help them safeguard sensitive data and mitigate losses in the event of a data breach or compromise.
“There is a cyberattack every 39 seconds, and an estimated $17,700 lost every minute to phishing attacks—a problem only exacerbated by the COVID-19 pandemic,” ICBA President and CEO Rebeca Romero Rainey said. “The good news is that community banks are well equipped to tackle cybercrime and want to ensure all Americans have the resources to help them avoid falling victim. Together, we can reverse this disturbing trend and create a safer, more resilient cyber world for everyone.”
ICBA recommends consumers take the following precautionary measures to protect their sensitive information while on the go, in the workplace, and at home:
Consumers can also make sure their account has not been compromised by taking the following steps:
Learn more about how to protect your digital life during Cybersecurity Awareness Month by visiting the Stay Safe Online website. Join the conversation online using the hashtag #BeCyberSmart.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
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Banks should expect examiners and the Financial Crimes Enforcement Network to ask about risk exposure related to virtual currencies, FinCEN Director Kenneth Blanco said.