Bank of Montreal (BMO) and Simplii Financial were breached, giving the hackers access to personal and financial information (names, balances, SSNs) of more than 90k clients.
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Hackers demand $1 Million in XRP (Ripple) after breaching two Canadian banks
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The attackers also included an example customer data set from each bank to prove that they had circumvented the institutions’ security protocols. The deadline to submit to the ransom demand has now passed, but it is not clear if the fraudsters have carried out their threat to release the customer data on the web. In any case, it does not appear that the institutions intend to pay the ransom. “Our practice is not to make payments to fraudsters,” the Bank of Montreal told the publication in a statement. “We are focused on protecting and helping our customers.”
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