Artificial intelligence has turbocharged the problem of spear phishing, but the latest Independent Banker magazine shares how community banks can fight back.
Background: Spear phishing is a kind of cyberattack involving emails, video calls, or other forms of communication by fraudsters posing as a colleague, boss, or organization.
Details: As reported by Independent Banker, community banks can help stop this fraud by:
Educating employees and customers about the attacks.
Having an incident response plan in place.
Applying multiple checkpoints for big transactions.
More: The March edition of Independent Banker also features articles on ICBA’s new chairman, marketing personalization, the ISO 20022 transition, disaster recovery plans, and more.
Access: The magazine is available on the Independent Banker website. Community bankers also can subscribe to Independent Banker’s newsletter to receive the magazine via email.