Canada’s anti-money laundering agency offline after cyberattack

Canada's anti-money laundering agency offline after cyberattack

March 6, 2024 at 12:35PM

FINTRAC, a Canadian financial intelligence agency, experienced a cyber incident, leading to the precautionary shutdown of corporate systems. The agency confirmed that its sensitive information and operational capabilities are secure. It is collaborating with federal partners to restore operations and prevent future incidents. This incident follows other high-profile cybersecurity challenges in Canada this year.

Based on the meeting notes provided, the key takeaways are:

1. FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, experienced a cyber incident that led to its corporate systems being taken offline as a precaution.

2. It has been confirmed that the cyber incident did not involve the Centre’s intelligence or classified systems, ensuring that sensitive information and operational capabilities related to its core mission remain secure.

3. FINTRAC has collaborated with federal partners, including the Canadian Centre for Cyber Security, to restore operations and enhance defenses to prevent future incidents.

4. Although no ransomware or data extortion threat groups have taken responsibility for the attack on FINTRAC, the threat actors remain unknown.

5. Canada has been experiencing a series of cybersecurity challenges, with other high-profile victims including the Royal Canadian Mounted Police, Trans-Northern Pipelines, Toronto Zoo, and Memorial University of Newfoundland.

If you need further assistance or more details on any specific aspect of the meeting notes, feel free to ask.

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