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Treasury urges banks to file cyber scam reports, noting nearly $13 billion in losses since 2023

September 10, 2026 · The Record · Severity: MEDIUM

This article reports that the US Treasury Department is urging banks to file cyber scam reports more aggressively, citing nearly $13 billion in losses since 2023. It highlights a new rule requiring financial institutions to report cyber-enabled fraud, with a focus on threats like business email compromise, ransomware, and AI-powered social engineering.

Key Takeaways

  • The US Treasury Department is urging banks to file cyber scam reports more aggressively due to nearly $13 billion in losses since 2023.
  • A new rule now requires financial institutions to report cyber-enabled fraud, including business email compromise and ransomware payments.
  • The Treasury's guidance emphasizes the growing threat of AI-enhanced social engineering attacks targeting financial systems.
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