A common consumer of news might assume that financial services hacking incidents are just a big-bank problem. Cyberintrusions of the largest institutions by sophisticated criminals and potentially foreign governments are well documented.
But community banks of every stripe should be on alert for a genus of attacks meant more for smaller institutions than bigger ones. On Nov. 3, the Federal Financial Institutions Examination Council issued a joint statement intended for community banks warning of the "increasing frequency and severity of cyberattacks involving extortion."
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