Thursday, September 29, 2022

ABA provides banking-related updates on Ukraine crisis

The American Bankers Association has created a new webpage on aba.com where bankers can find announcements, alerts and guidance affecting the banking sector as a result of Russia’s invasion of Ukraine.

The page includes updates on potential cyber threats, sanctions announcement from the federal government and other important news from the White House and various government agencies.

Amid growing concerns about potential Russian cyberattacks on critical infrastructure entities, including banks, ABA has also prepared talking points and communications resources to help bankers talk to their customers and assure them that their money remains safe in a U.S. financial institution.

ABA has also made available its ransomware toolkit, a resource banks can use to help ensure they are prepared to respond to a potential attack.

The page is located through ABA.com, specifically at https://www.aba.com/banking-topics/risk-management/incident-response/russian-ukrainian-conflict.