A SPECIALTY PROGRAM FROM THE COMMERCIAL INSURANCE EXPERTS AT LACKNER MCLENNAN INSURANCE LTD.

Two Canadian Banks Hit with a Cyber Attack

CIBC and Bank of Montreal Customer Data Hacked

Hackers launched an extortion attack against the two banks, threatening to release customer data to the internet where it could be used for further identity theft. The banks went public and now there are a lot of worried account holders. According to the CBC there could be up to 90,000 people affected.

If the banks, with their security features are targets, how up to date are your defences? What kind of insurance do you have if something gets your client data?


 

Atlanta Struck With Cyber Attack

The City of Atlanta’s Computer Systems Were Down for Five Days

According to the New York Times, the City of Atlanta was hit with a crippling ransomware attack. These kinds of attacks leave a victim’s data encrypted until a payment is received to free the data again.

The article quotes the Mayor of Atlanta, Keisah Lance Bottoms, “We are dealing with a hostage situation.”