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SDBA Bank Squawk Podcast Episode w/Rick Monheim and Jon WaldmanUp next on the SDBA Bank Squawk podcast: Rick Monheim, member of the SDBA Tech Work Group and an IT Analyst with Security First bank in Rapid City interviews SBS Cybersecurity co-founder, Jon Waldman. Whether you are a social media user, utilize online banking, have an email account, work in the online space, or all of the above, this episode is relevant for you. Listen in as Jon Walman shares cybersecurity tips and best practices in honor of Cybersecurity Awareness month. You can listen via Spotify by clicking the link below, or by searching "SDBA Bank Squawk" on Spotify. This week's episode is titled, "Cybersecurity: Best Practices w/Rick Monheim and Jon Waldman." We're looking forward to sharing our next episode soon, with Director of the Division of Banking, Bret Afdahl! Reminder: Get Out and Vote!
We are less than a week away from Election Day in South Dakota and I can't stress enough the importance of getting out to vote! Through the South Dakota Secretary of State's site found here, you can find election information, check voter registration, find where to vote, and view a sample ballot in your district. Utilize these resources so when you arrive to your polling location, you're informed and casting your vote appropriately, the way you intend. A Conversation with Neel Kashkari, President and Chief Executive Officer with the Federal Reserve Bank of Minneapolis to be Held in Brookings on November 9Neel Kashkari, President and Chief Executive Officer with the Federal Reserve Bank of Minneapolis will be live in Brookings, S.D. on November 9, 2022, to talk inflation, the labor market, and the economy, and the role of the Federal Reserve. The event will be held at the Larson Memorial Concert Hall at the SDSU Oscar Larson Performing Arts Center and will begin at 7 p.m. This free event is sponsored by the Dykhouse Program in Money, Banking, and Regulation in the Ness School of Management and Economics. For any inquiries, contact Joe Santos at [email protected]. DRG Interview with SDBA President Karl Adam: Banks Join Together to Arm Customers with Information to Fight Back Against ScammersThroughout the month of October, banks across the US participated in the #BanksNeverAskThat Anti-Phishing Campaign. South Dakota Bankers Association President Karl Adam says it’s a coordinated, industry-wide effort to help customers avoid being taken advantage of by scammers. Listen in to the audio clips as DRG's Jody Heemstra talks with Karl Adam. For more information about phishing scams and how to stop fraudsters in their tracks, visit www.BanksNeverAskThat.com. 2022 Midterm Election: What the Results Mean for America’s Banks, Free Webinar Hosted on November 10 by Rob Nichols, ABA President and CEOJoin Rob Nichols, President and CEO, and experts from ABA's policy, political engagement and communications teams for a moderated discussion on the initial election results and what bankers can expect from the 118th Congress.
ABA Speakers: Rob Nichols, President & CEO Naomi Camper, Chief Policy Officer Rob Engstrom, Chief Political Strategist Kirsten Sutton, Executive Vice President, Congressional Relations Moderator: Peter Cook, Chief Communications Officer Register for the free webinar here.
ABA survey: Mobile remains top consumer choice for bankingMobile apps remain the most popular choice for consumers when banking, according to a new survey commissioned by the American Bankers Association. Research firm Morning Consult polled more than 2,200 U.S. adults about what methods they used the most to manage their bank accounts during the past 12 months. Forty-five percent of bank customers cited apps on phones or other mobile devices as their top option—the third year in a row that mobile banking was the most popular choice among consumers. Twenty-seven percent of customers preferred online banking on a laptop or PC. Branch banking, which fell to 10% during the pandemic, increased to 14% at the expense of other channels such as ATMs (which went from 8% last year down to 6% this year) and telephone calls (which fell from 7% last year to 3% this year). Different generations had different preferences for how they accessed banking services, according to the survey. More than half of Generation Z, millennials and Generation X used mobile banking apps most often, while a plurality of baby boomers most often used online banking (38%). One in five baby boomers (20%) visited bank branches the most often, while only 6% of Gen Z preferred to visit a branch. The ABA survey results align with those of the FDIC’s most recent National Survey of Unbanked and Underbanked Households, which found that the percentage of banked households citing mobile apps as their preferred banking method jumped from 15.1% in 2017 and 34% in 2019 to 43.5% in 2021. “As mobile banking capabilities have evolved exponentially over the past decade thanks to bank investments in technology, we’ve seen many consumers become more comfortable embracing their phones and tablets to make everyday transactions,” said Brooke Ybarra, ABA senior vice president of innovation strategy. “When the pandemic made in-person interactions more difficult, even more people leveraged the easy-to-use technology at their fingertips to deposit checks, pay bills or send money to friends, and they haven’t looked back. At the same time, in-person branch visits continue to play an important albeit less frequent role for many bank customers, particularly when it comes to more complex transactions.” View comparison graphics here. ABA's New Chair Dan Robb on a Lifetime in BankingThe November/December issue of the ABA Banking Journal—in mailboxes and available online now—features a cover story about Dan Robb, ABA's 2022-2023 chair. Robb is president and CEO of Jonesburg State Bank, a 100-year-old community bank in East Central Missouri. He began his banking career as a teenager couriering coins and sweeping the floors of a local bank, and within a month had a job as a part-time teller. “I always dressed nice, because my parents said: ‘It may be maintenance, but you’re in a bank and you need to be professional,’” Robb recalled. Now as ABA chair, he is excited for the opportunity to be a voice for banks across the country.
CISA News: SPOOKY Cybersecurity StatisticsAmong some of the spookiest stats: a hacker is on the attack every 39 seconds, averaging 2,244 times per day. Spear-phishing attacks have spiked, get this, 667% since the end of February 2020. And 95 percent of data breaches are caused by employee mistakes.
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