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Home Compliance and Risk

ABA Fraudcast: One community bank’s fight against a mass text scam

January 14, 2025
Reading Time: 1 min read
ABA Fraudcast: One community bank’s fight against a mass text scam

ABA's Paul Benda, left, discusses fraud issues with Sam Drennen of First American Bank & Trust Company and Dan Robb of Jonesburg State Bank.

Community banks can be targets of large-scale fraud, just like larger banks. On the inaugural episode of the ABA Fraudcast, former ABA Chair Dan Robb, president and CEO of Jonesburg State Bank in Missouri, describes the recent targeting of his bank by fraudsters who texted thousands of residents of his community, seeking access to customer accounts. What followed for Robb and his team were fast lessons on all the areas his bank was prepared for, and a few challenges that were surprising. “We are no longer dealing with a mom-and-pop criminal,” says ABA’s Paul Benda, Fraudcast host. “This is institutional crime.”

The brand new ABA Fraudcast will be published every two weeks, on this site, in ABA Daily Newsbytes and wherever you listen to and subscribe to your favorite podcasts.

  • If you can’t see the audio player above, click here to listen to this week’s episode.

In this episode:

Dan Robb
President and CEO
Jonesburg State Bank
Paul Benda
ABA EVP
Host, ABA Fraudcast

 

Tags: ABA FraudcastFraudPhishing
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