This article was originally published by American Banker on June 24, 2022.
When criminals impersonate a financial institution’s websites or applications to defraud customers or obtain their credentials, they often target large brands like Chase or Bank of America, but a recent study shows that one in five smaller financial institutions may also be the subjects of impersonation.
That is according to a report released this week by Allure Security, a cybersecurity company that specializes in protecting financial institutions from impersonation attacks. The bank monitored a random sample of banks and credit unions with less than $150 billion of assets during the first quarter of 2022.
Read the full article “One in five community banks experience website impersonation attacks [paywall]” on the American Banker website.
