Banks Combat Rising Cybercrime with Innovative Strategies
Customers are giving billions to scammers. Tellers are intervening.

Image: The Boston Globe
In Scarsdale, New York, tellers at Chase Bank are intervening to prevent customers from falling victim to cyber scams, which resulted in losses of $21 billion in 2025. Banks are now employing behavioral scientists and advanced technology to detect and disrupt fraudulent activities.
- 01Chase Bank tellers have successfully intervened in multiple scams, saving customers significant amounts of money.
- 02Cybercrime losses reached $21 billion in 2025, a 25% increase from the previous year, highlighting the growing threat.
- 03JPMorgan Chase is training staff to understand and counteract scammers' psychological tactics, employing behavioral scientists to develop new strategies.
- 04Banks are using sophisticated software to analyze customer behavior, identifying signs of potential fraud through unusual transaction patterns.
- 05Efforts are underway to raise customer trust in banks while lowering trust in scammers, aiming to disrupt ongoing fraud attempts.
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In Scarsdale, New York, Chase Bank tellers Karen Battista and Angela Castaldo are on the frontlines of preventing cybercrime, having saved customers from significant financial losses. One customer, an 81-year-old widow, was nearly duped into transferring $9,000 to a scammer posing as a bank representative. The FBI reported that cybercrime losses soared to $21 billion in 2025, a stark rise from $4.4 billion in 2020. In response, financial institutions like JPMorgan Chase are enhancing their fraud prevention strategies by hiring behavioral scientists to understand the emotional manipulation tactics employed by scammers. These specialists help train bank staff to recognize and interrupt scams by analyzing customer behavior through advanced software that detects atypical actions during transactions. Despite these efforts, experts warn that banks cannot tackle the issue alone, as the root causes lie within broader technology and social media platforms. The ongoing initiatives aim to bolster customer trust in banks while instilling doubt about scammers, ultimately reducing the effectiveness of such fraudulent schemes.
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The rise in cybercrime affects local customers, with many falling prey to scams that can lead to significant financial losses.
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