Online bank fraud has been described as epidemic, with numbers
that are staggering — it’s estimated that U.S. banks lose $1.5
billion to phishing attacks annually. Consider also that mobile
devices are now ubiquitous and hackers are getting ever-more
sophisticated in their ability to gain access to sensitive data
and it’s clear that there is a need for proactive IT security
offense and defense to stop attacks including phishing, malware,
coordinated denial of service attacks, hacktivist breeches and
more. The threats to the banking sector are multiple and
significant — both financially and reputationally. Today’s bank
customer is rightfully concerned about online banking fraud and
studies show that the majority of customers would change banks if
they became a victim of fraud at their current institution.
Security breeches not only cost significant dollars, but they
also destroy erode consumer trust. Being proactive is key.
Grab your map and join us on a journey of learning and discovery on the Pathways to Connect & Protect 2021. Choose your destination (track) and hit the road (Zoom). At each pit stop (session) in your journey, you will connect with other travelers (attendees) and tour guides (industry experts) and uncover new ideas, trends and developments in banking. All roads lead to your final destination – an in-person (COVID rules permitting) block party at the Greater Richmond Convention Center in September. There will be food, music, business sessions and the opportunity to see your friends and colleagues in person from a safe physical distance.
Virginia Bankers Association and the American Bankers Association are excited to announce the 2nd annual virtual Diversity, Equity and Inclusion Summit for bankers nationwide.
Fostering diversity and inclusion in the workplace is more pressing than ever. Build your DEI Playbook with practical takeaways from the ABA/VBA Diversity, Equity and Inclusion Summit.
Choose between expertly-curated strategy sessions to build a DEI Playbook that is unique to your bank’s needs—no matter where you are on your DEI journey. At this summit, you’ll hear insights from the experts and gain tangible strategies for implementing change.
Recent Congressional focus and well-publicized BSA enforcement actions and fines continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. Treasury continues to rely on financial institutions to serve as the “front-line gatekeepers” for law enforcement efforts to safeguard the U.S. financial system from the abuses of financial crimes, including money laundering and terrorist financing. The federal regulatory agencies continue to rely on financial institutions to take “every reasonable step” to identify, minimize, and manage any risks that illicit financial activity may pose to the individual institution and the industry. Ongoing initiatives by the Financial Crimes Enforcement Network (FinCEN), and continued expansions of the federal examination procedures, reinforce the need to have a strong BSA program at your institution.
This conference is designed for emerging banking leaders and members of the Virginia Bankers Association Emerging Bank Leaders (EBL) group. This conference will give Emerging Bank Leaders the opportunity to share ideas and network with peers from across the state. You do not have to be an EBL member to attend.