Cybersecurity and fraud are dominating bank leaders’ attention, according to Bank Director’s 2025 Risk Survey, sponsored by Moss Adams, as the industry continues adjusting to steady interest rates and anticipates a friendlier regulatory environment in President Donald Trump’s second term.  In the months leading up to the survey, completed by CEOs, risk executives and board members in January, the Federal Open Market Committee lowered the federal funds rate three times by a collective 100 basis points, which helped ease concerns about interest rate risk and deposit pricing; the Federal Reserve paused further cuts in late January, after the survey closed.…

Cybersecurity (84%) dominates respondents’ list of top risks facing their banks, followed by fraud (69%), interest rate risk (58%), regulatory risk (55%) and credit risk (51%).  Nearly all executives (94%) — CEOs, chief risk officers, and senior technology and information security executives — report that check fraud has directly affected their bank or its customers, followed by the financial exploitation of elderly and vulnerable customers (70%), digital payments fraud (61%) and identity theft (45%).  A majority of those executives say their bank has conducted a tabletop exercise of the cybersecurity incident response plan over the prior 12 months. Most (70%)…