SCAMS

Phishing Scams More Costly Than Bank Robbery

Phishing Scams More Costly Than Bank Robbery

The amount of money taken typically is fairly small and will not dent a bank’s bottom line. Further, bank robbers are apprehended in almost 58 percent of cases, according to Federal Bureau of Investigation statistics. Only murder has a higher rate of clearance by arrest.

So what do banks worry about? Phishing scams.