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Hackers targeting Canadian banks, mining companies

Posted in Talking Politics

Published on February 10, 2019 with No Comments

A leading cybersecurity analyst has told Members of Parliament that foreign hackers have targeted Canadian banks, mining companies and government institutions in recent years to steal valuable secrets and spread malware.

Christopher Porter, chief intelligence strategist at security firm FireEye, is reported to have said in February 2017 multiple major Canadian financial institutions were exposed to the risk of state-sponsored cybertheft from North Korea in a scheme to redirect people to malicious downloads that would seize control of their computer. He said that a number of Canadian financial organizations appeared prominently on the ultimate target list.

Porter was appearing as a witness  at the House of Commons committee on public safety and national security. He is reported to have said that at least a half-dozen organized-crime groups conducted financial crime operations targeting companies and people in Canada with a sophistication once seen only among nation-states.

Porter told MPs that FireEye routinely uncovers major underground sites selling thousands of stolen Canadian credit cards at a time, sometimes from major banks but also targeting customer accounts at smaller banks and credit unions.

 

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