Over the past few years, cyberattacks against critical infrastructure have significantly increased in terms of frequency, scale, sophistication, and severity. Recently, Canada's financial intelligence unit, FINTRAC, experienced a "cyber incident" that forced it to shut down some of its systems. The incident, which has been managed "over the last 24 hours", does not involve the Centre's intelligence or classified systems. This cyberattack on FINTRAC is part of a worrying trend of increasing cyber incidents targeting federal bodies. Experts are raising concerns that Canada's regulations may not be sufficient to protect companies from these growing cyber threats.
NEW: Cyberattack has forced the Canadian agency that monitors banking for illegal transactions, such as money laundering or terrorism financing, to shut down some of its systems. https://t.co/8ta2T9Don2
Experts say cyber attacks are getting more numerous and complex - and that Canada's regulations don't go far enough to help companies stay safe. READ MORE: https://t.co/y9j65gQzoV
Financial watchdog Fintrac hit by cyberattack, classified systems not involved https://t.co/vRXrj9FPaZ
Financial watchdog FinTRAC hit by cyberattack, classified systems not involved https://t.co/TletCnHfjB
Canada’s financial intelligence unit is the latest federal body to be hit by a “cyber incident.” What's going on? READ MORE: https://t.co/B1UCCvZRGc https://t.co/B1UCCvZRGc
Cyber incident forces Canada’s FINTRAC to shut some systems down https://t.co/56RRZC3d71 https://t.co/NzBJxR11iM
"Over the last 24 hours, FINTRAC has and continues to manage a cyber incident. The incident does not involve the Centre's intelligence or classified systems." #cdnpoli https://t.co/OyAtBnakZR
Over the past few years, #cyberattacks against critical #infrastructure have dramatically expanded in frequency, scale, sophistication, and severity, highlights @PavlPavlova https://t.co/jucvafUeqO