Vice Chair for Supervision Michelle W. Bowman gave opening remarks at the Community Bank Cyber Workshop in Denver, Colorado, via pre-recorded video.

Community banks faced significant cyber events over the past year. The remarks center on cyber hygiene and resiliency.

The workshop covers a tabletop exercise, AI for cyber defense and the risks of AI, the Secret Service, and the Fed Cybersecurity Analytics Support Team.

The threat landscape has advanced — ransomware, business email compromise, and vendor breaches — with AI lowering the barrier to entry and adapting attacks.

Defenses begin with asset inventories, phishing-resistant MFA, identity and access controls, patch management, employee training, and incident-response testing.

As-of Tue 29 Sep 2026. Federal Reserve.