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OTP fraud is a new threat that community financial institutions need to know about.
The latest FBI internet crime report shows that 241K victims have fallen prey to phishing or related scams, business email compromise has resulted in losses of greater than $1.8B, credit card fraud claimed almost $130MM in losses, and 2.5K ransomware complaints were filed.
SIM swapping has increased sharply over the past years.
The PPP brought much-needed funds to many businesses.
Software vulnerabilities cause severe headaches for IT personnel.
Browse the best resource library for Current Expected Credit Loss (CECL) compliance & implementation.
Past Issues of PCBB BID articles which are a compilation of banking news, facts and opinions focused on issues vital to community banks and other community based financial institutions.
In our fourth "Inquiry and Insight" issue, Steve Brown answers questions on phishing, CECL and online lending competition.
Phishing is still a big problem.
In Verizon’s 2020 Data Breach Investigations Report, it was found that 81% of all breaches involved stolen or weak passwords.