Bankers are beefing up insurance coverage to protect against electronic-fraud losses, which is now considered a much greater risk than physical storage of cash or documents, according to recently published research.

The Bank Insurance Survey Report, released last week by the American Bankers Association, found that more than 90% of medium-to to large-sized banks and two-thirds of community banks surveyed carry policies covering computer systems and electronic funds transfer fraud.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.