Spencer Savings Bank joins ABA and Banks of the United States in #BanksNeverAskThat anti-phishing campaign

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Elmwood Park, NJ, October 20, 2022 — (PR.com) — Spencer Savings Bank has joined the American Bankers Association and banks across the country to promote an industry-wide campaign educating consumers about the lingering threat of phishing scams. The FTC estimates that consumers lost $5.8 billion to phishing and other fraud in 2021, an increase of more than 70% from 2020. To combat phishing, the #BanksNeverAskThat campaign uses catchy humor and other engaging content to help consumers identify fake banking communications asking for sensitive information such as their passwords and social security numbers.

“Phishing attempts are at an all-time high and scammers are targeting consumers from all directions – via text, phone and email,” said Paul Benda, Senior Vice President, Operational Risk and Cybersecurity at ABA. “Education and awareness are key to helping consumers spot a scam, and with the help of participating banks like Spencer Savings Bank, we are able to reach bank customers across the country so they can stay one step ahead of the scammers.”

“We are pleased to partner with the ABA, for Cyber ​​Security Month, and help educate and raise awareness on this topic,” said Jonathan Shachov, vice president and chief information officer of spencer. “It’s something extremely important to do. Fraud is only getting worse and it’s a problem that affects everyone in the public. At Spencer, we are committed to continuing to educate our customers and help them fight fraud with knowledge, information and awareness.

Spencer Savings Bank, along with more than 1,000 banks across the United States and the ABA, is launching this year’s updated campaign in October to mark National Cybersecurity Awareness Month. Throughout the month, Spencer Savings Bank will be sharing a variety of consumer tips on social media and in customer newsletters to highlight common phishing schemes. Because cybersecurity education and fraud awareness can often be boring and forgettable for many consumers, the campaign is designed to be bright and bold with a bit of comedy. The campaign’s short videos feature similarly ridiculous scenarios, such as papering a room with cash, roasting marshmallows over a silver fire, and recycling cash on garbage day. Consumers are directed to BanksNeverAskThat.com where they will find an interactive game, videos, phishing red flags, tips and FAQs.

For more information on phishing scams and how to stop fraudsters in their tracks, visit www.BanksNeverAskThat.com. Follow Spencer Savings Bank on social media and sign up for their customer newsletter on their website to receive more cybersecurity and anti-fraud information.

About Spencer Savings Bank:
Spencer Savings Bank, a leading New Jersey-based community bank, has served its local communities with integrity and pride for over 100 years. The bank has approximately $4 billion in total assets and operates 26 financial centers throughout New Jersey. Spencer specializes in providing premium banking products and services to consumers and businesses. Visit SpencerSavings.com for more information.

For more information contact:
Anita Guerrero (SSB): 201-703-3800 x 8421
Vice President, Director of Corporate Communications

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