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-- well here's a job that's going away -- masked robber.
The image of the masked robber holding up the banking gunpoint seems like an outdated notion tear that's good it is becoming one.
Bank robberies are -- -- decade below are some good news for change but that doesn't mean bank fraud is going away joining us now -- Vice president of risk for the American Bankers Association.
Doug why are bank robberies going to -- to meet recession people are desperate I would kind of think that they be out.
Yes I think that's that's assumption that a lot of people make because they think that.
The bank robberies are related to economic activity and and they really -- frankly.
There's been a lot of studies which demonstrate that it has less to do with.
The desperation associated with economics.
Then it would be someone who has have a level of -- ones instability.
-- drug problem or something of that nature.
And so was more of of the crime of I don't wanna call it karma passionate citizen crime of passion but it's more.
Not -- And -- of -- crime that's associated with economic activity.
You know I think as you know we grew up with Willie Sutton Bonnie Clyde my kids and -- -- those people are but they certainly know baton.
There on my brother -- uncles ATM account was hacked recently so are we moving I mean is the money still being stolen just being stolen and a different way.
Yes we have seen that as you described the bank robberies are -- -- are declining.
And check fraud is is actually flat.
So paper fraud server flat.
-- electronic crimes are obviously increasing because the percentage of -- economic activity which is taking place electronically is increasing so much so.
Yes the the -- has shifted and we are obviously in our industry recognize that that's the case and so we take.
Obviously a lot of different additional measures to to try to ensure that that.
The cyber security environment is secure.
But it visit this same guy I mean forgive me but the guy enters a ski mask and grabs the gun and runs into a bank is he this same guy that can -- not that Smart enough.
To have my ATM machine.
Know -- there are two different types of characters all together.
As egregious as we talked about earlier view that the bank robbery is is a very low tech crime it's a very instantaneous crime -- -- Not have a lot of planning associated with that they may.
Do some surveillance of the location but.
By and large -- that's not even a case.
This is completely separate from a cyber criminal who has a lot of elaborate things that they may have to do of the sophisticated nature.
On the front end before they actually accomplish the crime.
We've been talking about is a lot here -- -- how do you protect yourself from this you know.
This it seems it is very simple and -- -- easier than I I can think to get into my ATM account.
Well I think I think that you need to recognize that security really on the cyber -- is a partnership between you and your bank which is completely different than.
What you're talking about with the bank robbery obviously you have no responsibility.
To to try to protect the the banker your you have a responsibility to have to protect yourself.
But I think when you're talking about cyber security.
You as a customer really the first line of defense a lot of times you're gonna be the first person to see an unauthorized transaction.
On your account for instance.
And when you do so please.
Notify your financial institutions so they can reimburse you.
For that loss because that's what they will do and to the extent there is an unauthorized transaction.
You -- have more sophisticated passwords -- then mother's maiden name obviously you can change -- passwords substantially to keep your anti viral.
Software up to date you can.
Not click on a links that you -- are coming from someone you don't know that kind of thinks there's a lot of things use an individual can do.
-- Jackson get tips American Bankers Association vice president of risk.
It's scary thing to do is -- and I.