Banks warn of rise in ransomware attacks

OpRisk Europe: Banks must improve resilience of remote-working staff, says Wells Fargo financial crime expert

Cyber threats

Cyber threats from ransomware and other types of attack have risen since the onset of the coronavirus pandemic as criminals look to exploit gaps in defences magnified by remote working, banks say.

“The pandemic has caused an epidemic of financial crime around the world. Over the past few months, ransomware has really taken off,” said Lester Joseph, manager of the global financial crimes intelligence group at Wells Fargo.

With a majority of bank employees working from home, experts say the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here