Financial watchdog Fintrac hit by cyberattack, says classified systems not involved

Politics Canada’s financial intelligence agency says it has been hit by a cyberattack. Agency takes corporate systems offline to protect data The Canadian Press · Posted: Mar 05, 2024 2:50 PM EST | Last Updated: 9 hours ago Canada’s financial intelligence agency says it has been hit by a cyber attack. (Graeme Roy/The Canadian Press) … Read more

LifeLabs customers can now apply for up to $150 in compensation for data breach

Canadian residents whose personal data was compromised in a 2019 LifeLabs data breach can now apply for up to $150 in compensation from a multi-million dollar class action settlement approved in October.  The private medical diagnostics company and its subsidiaries were the target of a cyberattack on Dec. 17, 2019, that compromised patient data for around 15 million … Read more

CIBC fined $1.3M for failing to comply with money laundering and terrorist financing rules

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday. The agency, known as Fintrac, says it … Read more