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'High impact' cyber attacks at Canadian banks nearly tripled in one year: regulator

Canada’s banking watchdog says banks reported 28 priority one incidents, attacks that cause disruption of service or leakage of data.

'High impact' cyber breaches on Canadian banks tripled last year

Canada’s banking watchdog says banks reported 28 priority one incidents, attacks that cause disruption of service or leakage of data.

Banks report an increase in 'high impact' breaches as federal cybersecurity bill idles

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

Serious IT incidents in Canadian financial sector almost tripled in 2023

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