May 29, 2018
Ransomware News: Personal Data of 90,000 Canadians at Risk after Ransomware Attack
The personal data of 90,000 Canadians is at risk after a recent ransomware attack at the Bank of Montreal and Simplii Financial. According to CBC, hackers have threatened to release the personal information of customers unless their ransom demand of $1 million is paid.
The personal information allegedly includes names, account numbers, password, security questions, social insurance numbers, and account balances.
The payment deadline was May 28, and it is not yet clear if the banks gave in to the ransom demand. According to a statement, the Bank of Montreal is actively monitoring the situation, contacting customers to help them protect their accounts, and offering free credit monitoring.
Under the Digital Privacy Act which became law in 2015, Canadian companies are required to tell consumers when their personal information is at risk due to a data breach. The law will go into effect on November 1, 2018.
To learn even more about the state of ransomware in Canada, check out our State of the Channel Ransomware Report - Canada. We surveyed over 200 MSPs in Canada about ransomware and cybersecurity and its impact on businesses. Check it out today!