MPs studying a cybersecurity bill aimed at protecting critical infrastructure like banks from devastating attacks heard Monday how the number of "high impact” cyber incidents hitting Canada’s financial institutions nearly tripled in the last year while the legislation sat in limbo.
Serious IT incidents in Canadian financial sector almost tripled in 2023 itbusiness.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusiness.ca Daily Mail and Mail on Sunday newspapers.
Canadian federal financial institutions suffered almost three times as many serious reportable IT incidents in 2023 as in the year before, a parliamentary committee debating proposed cybersecurity legislation for overseeing the country's critical infrastructure providers was told Monday. In 2023, there were 28 Priority 1 incidents reported to the Office of the Superintendent of Financial