Canada’s national anti-money laundering agency has been hit by a cyber attack. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) said Tuesday that over the last 24 hours it has been managing a cyber incident. “The incident does not involve the centre’s intelligence or classified systems,” it said in a statement. “As a […]
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The RCMP is facing a serious cyber attack from an unspecified threat actor. The Mounties told CBC News today that a “breach of this magnitude is alarming.” “The situation is evolving quickly but at this time, there is no impact on RCMP operations and no known threat to the safety and security of Canadians,” a spokesperson […]
The theft of tax and employment records of 48,000 of Canadians four years ago was the fault of poor IT authentication security, says the country’s privacy commissioner. Attackers employed credential stuffing using previously stolen usernames and passwords to get into the IT systems of the Canada Revenue Agency (CRA) and Employment and Social Development Canada […]
Consulting and accounting firm EY Canada today launched the EY Climate Stress Testing and Scenario Analysis solution, a service running on Microsoft Azure which it said is designed to help safeguard Canada’s financial sector against the impacts of climate change. Mario Schlener, EY Canada risk consulting leader, said a key reason for the system’s development […]
The National Research Council of Canada (NRC) today announced that 11 Canadian companies have been selected to receive funding to collaborate on projects with partners in the U.K., following a joint Canada-U.K. call for proposals by the NRC and UK Research and Innovation (UKRI). The projects, NRC said in a release, “focus on developing real-world […]