Issue of Interest: Cybersecurity and Fraud

ABA Media Contact: Sarah Grano
Phone: (202) 663-5470
Last updated: October 9, 2017

​Banks are national leaders in preserving the security of customer data. Unfortunately, criminals are constantly searching for creative new ways to obtain money from banks and customers. As consumers and businesses increasingly rely on electronic devices such as computers, tablets, and smartphones to bank and shop online, so do the threats posed by cybercriminals and hacktivists who want to steal personal and financial information or disrupt access to online services. Current cyber and mobile threats targeting financial institutions and consumers include account takeover, database and system intrusions, distributed denial of service (DDoS) attacks, and phishing.

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