Hackers Demand $770,000 Ransom From Canadian Banks

Hackers have demanded a ransom of 1 million Canadian dollars ($770,000) each from two banks, payable in the cryptocurrency exchange system Ripple’s XMR token, national Canadian broadcaster CBC News reports.

The ransom demand comes on the heels of the Bank of Montreal, operating as BMO Financial Group, and Simplii Financial, a banking subsidiary of the Canadian Imperial Bank of Commerce, on Monday reporting that they’d been warned that some of their client data may have been exposed on Sunday (see Two Canadian Banks Probe Alleged Exposure of Customer Data).

Neither bank commented to Information Security Media Group about how they learned about the alleged data breach, which both say they’re investigating. BMO is Canada’s fourth largest bank by assets and may have had 50,000 customer details exposed. CIBC is the country’s fifth largest bank and may have had 40,000 customer details exposed.

Source: Healthcare Info Security