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140 BMO customers say they lost $1.5M in transfer frauds, plan to sue bank

More than 140 Bank of Montreal customers from across the country plan to sue the bank after, they say, cybercriminals stole a total of $1.5 million from their accounts.

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How stolen personal credentials is sold on the dark web

Former cybercrime investigator Kenrick Bagnall explains how malware works and shares tips for online safety

Kenrick-bagnall

140 BMO customers say they lost $1.5M in transfer frauds, plan to sue bank

More than 140 Bank of Montreal customers from across the country plan to sue the bank after, they say, cybercriminals stole a total of $1.5 million from their accounts.

Canada
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Quebec
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Banks tell dozens of customers they're to blame for thousands of dollars lost to e-transfer fraudsters

A Manitoba man says marketing that claims people are protected when they e-transfer money is misleading, after fraudsters stole $3,000 and TD Bank said he was to blame. Rene Trudeau is one of dozens of people who contacted Go Public about frustrating e-transfer battles with their banks.

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Virtual summit takes in-depth look at cyber security to mitigate today's threats

Canadian Biomass, is presenting a “Focus on Cyber Security” virtual summit on May 26. Good cyber security is a business driver that affects every facet of an organization and every employee from C-suite to entry level. Businesses can limit their potential exposure to cyber threats by encouraging a culture of cyber hygiene amongst their employees and offering an environment that develops those basic skills. Focus On Cyber Security is a virtual event with expert advice on how to provide educational tools and best prepare businesses to not only recognize but mitigate today’s cyber threats. Structured as a half-day learning summit, Focus On Cyber Security will offer keynote sessions from event sponsors IBM, Fortinet and Trend Micro, as well as seminars and panel discussions that will cover everything from ensuring your employees can work safely from home to working effectively with law enforcement on cyber investigations.

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