Canadian banks rarely acknowledge they’ve been involved in a cyber security incident. On Monday two of the country’s biggest retail banks reportedly suffered a data breach and are notifying customers.
The Bank of Montreal and CIBC’s Simplii Financial online bank said they are investigating apparent breaches of customer information, each apparently involving tens of thousands of customers.

Late Monday the CBC said several news services had received an email apparently from the hackers, who said they were demanding $1 million in cryptocurrency or customer names and information would be publicly released. Read more…