Cyber Attack on Canada FINTRAC and IBM Cyber Attack response training


FINTRAC, Canada’s financial intelligence agency, has fallen victim to a cyber attack, prompting the shutdown of its computer networks. While the servers of the federal agency have been taken offline, assurances have been made by the financial transactions and report analysis center that no classified information was compromised. Further updates will be provided as investigations progress.

Responsible for monitoring unauthorized transactions and activities linked to cyber crimes, FINTRAC plays a crucial role in preventing payments to terrorist organizations and cybercriminal groups.

This incident comes shortly after the Royal Canadian Mounted Police experienced a digital assault by a state-sponsored cybercrime group. It remains unclear whether the same perpetrators targeted both entities.

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