Canada: Bank of Montreal and Simplii Financial hit by hackers

Over the weekend, the Bank of Montreal and Simplii Financial both issued statements indicating that they had fallen victim to hackers. In the case of Simplii Financial, around 40,000 customer accounts have been affected, but numbers have not been revealed for the Bank of Montreal. Both banks' statements indicate that they were contacted by "fraudsters" on Sunday, May 27, but it is not clear whether the two incidents relate to the same group. See also: US and UK issue joint warning about Russian hacking of routers and ISPs Banks struggle to defend against internal attacks Microsoft launches Defending Democracy Program… [Continue Reading]