Skip to content
Subscriber Only

Phishing Attacks Against Banks Jump With Pandemic Used as Lure

  • Campaigns surged by a third in the first quarter, FS-ISAC says
  • Working remotely ‘made it tougher to protect firms,’ CEO says
      
Photographer: John Taggart/Bloomberg

Cyber-attacks trying to trick bank employees to click on malicious links jumped in the first quarter, with criminals attempting to take advantage of fear and confusion caused by the coronavirus pandemic.

While the so-called phishing campaigns, which surged by a third in the period, haven’t so far resulted in any major breaches in the industry, smaller lenders remain at a greater risk than bigger banks, according to the Financial Services Information Sharing and Analysis Center, known as FS-ISAC.