Hackers Demanded $1 million in cryptocurrency from Bank of Montreal (BMO) and Simplii Financial

Unknown hackers attacked the leading Canadian banks Bank of Montreal (BMO) and Simplii Financial, the subsidiary of the Canadian Imperial Bank of Commerce (CIBC). In order to avoid the publication of personal data of banking customers, the attackers demanded from each bank, including through the media, to pay them $1 million in cryptocurrency. This was reported by the local CBC television channel.

This is a leak of data “less than 50 thousand customers” BMO and about 40 thousand customers Simplii.

As a confirmation of the seriousness of their intentions, hackers attached to the letters are not encrypted names, social security numbers and answers to control questions of a number of clients. In addition, they described how they managed to conduct a cyberattack.

Despite this, the BMO press service stated that they do not yet have reliable confirmation of the leak. In this case, the bank believes that both cases are related, and hackers are outside of Canada.

“We adhere to the principle that you cannot pay scammers. We are committed to protecting our clients and helping them, “said BMO representative Paul Gammal.

In turn, CIBC has promised to return money to all Simplii customers if they suffer as a result of fraudulent activities related to data leakage.

The investigation of the incident involved the Royal Canadian Mounted Police.

Recall earlier in May, unknown hackers hacked a mining pool of HDAC block-platform, owned by Hyundai due to server vulnerability.