Phishing Attacks Against Banks Jump With Pandemic Used as Lure

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.

“Working from home has definitely made it tougher to protect firms,” FS-ISAC Chief Executive Officer Steve Silberstein said in an interview. ...