Canadian banks say cyber attackers stole customer information. On Monday, Bank of Montreal and Canadian Imperial Bank of Commerce, Two of Canada’s largest banks reported that criminals have accessed the personal and financial information of nearly 90,000 customers.
Both banks have said that they were warning customers about the potential attack. Bank of Montreal, Canada’s fourth-biggest lender reported that fraudsters contacted it and claimed to have control of the data of a limited number of the bank’s clients.
The bank believes that the attack originated from outside the country and breached less than 50,000 of the bank’s 8 million customers across Canada. Bank’s spokesman said that they are doing a further investigation with authorities.
Canadian Imperial Bank of Commerce issued a statement saying that it had been contacted by fraudsters on Sunday claiming to have personal and account information of 40,000 customers. CIBC reported that it is not sure about the cyber-attack but taking investigating seriously. Both banks informed their customers and asked them to track their accounts and report any doubtful activity.
“Immediately after learning of the issue we implemented enhanced fraud monitoring and online banking security measures,” Olga Petrycki, a CIBC spokesperson said, “We have shared the information with federal agencies,” Petrycki added.
The rate of cyber-attacks is rapidly increasing. In 2017 we have seen a cyber attack on credit monitoring firm Equifax in which information on about 146.6 million names, 145.5 million U.S. social security numbers, 99 million addresses, 146.6 million dates of birth, and 209,000 payment card numbers and expiration dates were stolen.
Sarah Buscaino is a seasoned journalist with 10 years experience as a reporter and investigative journalist. While studying journalism in Toronto, Sarah got her break as an intern at CITY TV. As a contributor to Island Daily Tribune, Sara covers municipal and provincial politics.