Apparent attempts to extort two major Canadian banks highlight the increasing threat and variety of cyberattacks against major companies.
Attacks against BMO and CIBC-owned Simplii – that compromised the information of up to a combined 90,000 Canadians – made public Monday, appear to be the latest in a number of high-profile ransom attacks. The attacks have the banks in damage control mode, prompting them to assuage client concern about the safety of Canadian accounts.
CBC reported that it received a letter from someone who said they demanded a $1-million ransom from the targeted banks.
The banks would not confirm the CBC report Tuesday. BMO said only that a “threat” was made, but it has a policy of not making payments to fraudsters, while Simplii was similarly cryptic, saying only that fraudsters may have electronically accessed some data, but that its practice is not to pay