"We warned BMO and Simplii that we would share their customers informations if they don't cooperate".
After getting hold of personal information of around 100,000 customers of two Canadian banks, some adamant hackers have demanded $1 Million ransom in Ripple (XRP), else they will reveal the stolen vital data to the world.
BMO said the breach originated outside Canada, and that the fraudsters themselves tipped off the bank.
"We are conducting a thorough investigation", spokesman Paul Gammal said in an emailed statement on Monday. The hackers say they used the algorithm to get account numbers, which allowed them to pose as authentic account holders who had simply forgotten their password.
Simplii said Monday it learned of the potential issue on Sunday and has implemented additional online security measures such as enhanced online fraud monitoring, adding it is working with the relevant authorities.
"We're taking this claim seriously and have taken action to further enhance our monitoring and security procedures", said Michael Martin, a senior vice-president at Simplii, in a statement.
While reports indicate the Office of the Privacy Commissioner of Canada has been notified, no official statement has been made at this stage.
As it stands, it does seem as if neither bank wish to cough up the ransom, suggesting that they are confident in their own security protocols and will ensure that the data of their customers is protected, although it does seem they are a little too late for that. In this case, the bank believes that both cases are related, and hackers are outside of Canada.
The bank is now investigating if the claim is true, but in the meantime, it says it deployed "enhanced online fraud monitoring and online banking security measures" to prevent abuse of customers' data.
The banks are now in the process of contacting potentially affected customers.
In November, ride-sharing company Uber said hackers stole names, email addresses and cellphone numbers of millions of riders.
New federal data breach regulations which would require mandatory reporting of security breaches are set to take effect on November 1.
IOS 11.4 arrives with AirPlay 2, Messages in iCloud
May 30, 2018 - 18:20
Specifically for HomePod users, the iOS 11.4 update brings support for setting up HomePod stereo pair using your iPhone or iPad. The update brings features promised by Apple during the first announcement of iOS 11 at WWDC 2017.
Man Utd hoping to sign €20m Dalot from Porto this week
May 30, 2018 - 18:01
The 19-year-old broke into Porto's first-team last season and has only made a handful of appearances for the Portuguese champions. Dalot can also play in midfield and at left-back, the position he has operated in primarily for Sérgio Conceição's side.
Service dog set to board plane goes into labour at airport
May 29, 2018 - 15:28
The puppies' father, a yellow lab named Nugget who is also a service dog, was also at the airport at the time of the birth. Van Atter said Rigby was still training as a service dog to help her with mobility and pain issues.
Weekend sleep-ins are good for you
May 29, 2018 - 15:25
If you don't get enough sleep , you wake up with that sleep pressure and start the day with a higher need for it. Previous studies have found a U‐shaped relationship between mortality and (weekday) sleep duration.
Hawaii officials order more residents to flee from fast-moving lava
May 29, 2018 - 14:06
Vog - or volcanic smog - is a haze created when sulfur dioxide gas and other volcanic pollutants settle with moisture and dust. The Hawaii Civil Defense Agency said all the wells remained "stable and secure" in a statement released Sunday night.
Fourth line leads Golden Knights to thrilling Game 1 win over Capitals
May 29, 2018 - 13:05
Forward Ryan Reaves , hardly a beacon of good behavior himself , added: "It was a late, blindside hit like Wilson always does". Referees Wes McCauley and Marc Joannette missed a blatant cross-check by Reaves on John Carlson on the sequence he scored.
North Korean official arrives in Beijing en route to US
May 29, 2018 - 11:33
And, on Sunday, the president said an American delegation was meeting with North Korean officials in preparation for the meeting. And it's moving along pretty well, so we'll see what happens". "And we'll be here satirizing the whole situation", said Howard.
Open thread game seven: Houston Rockets versus Golden State Warriors
May 29, 2018 - 10:58
The Rockets played themselves out of the playoffs and they did it by lazily launching 3-pointers instead of attacking the paint. Iguodala averaged 8.7 points, 4.3 rebounds, 1.7 assists and 1.7 steals per game in the first three bouts of the series.
Subtropical Storm Alberto will bring downpours to Middle TN
May 28, 2018 - 15:15
Forecasters expected Alberto to intensify to a tropical storm Saturday morning, but do not anticipate it to become a hurricane. Rick Scott declared a state of emergency in all 67 counties on Saturday in preparation for Subtropical Storm Alberto .
Pakistan cruise to victory against England at Lord's
May 28, 2018 - 15:00
Pakistan have been fined for a slow over-rate in their first Test win over England at Lord's. Buttler was then 66 not out and Bess 55 not out.
Cyclone death toll in Oman, Yemen rises to 11
May 28, 2018 - 14:10
An Asian laborer died in a flooded valley and an Omani national in a 4×4 died when his vehicle was swept away, al-Shanfari said. Now it is known about two dead in Yemen and four in Oman , including a 12-year-old girl and an Asian immigrant.
Danica Patrick fans tweet well-wishes after her Indy 500 crash
May 28, 2018 - 08:56
But all three needed enough gas to get to the finish line, and it was Power who was frantically chasing them down. Penske said if Castroneves won a fourth, he'd get a chance at a fifth and the team confirmed that after the race.
Rockets look to close out Warriors without Paul
May 28, 2018 - 07:40
And again, the game is in Houston at the Toyota Center, where the Rockets have gone 2-1 in the series. However, Houston is moving forward with the mindset that getting Paul back would be a major bonus.
Ireland set to end abortion ban in landslide vote: Exit polls
May 26, 2018 - 10:59
RTE's exit poll suggested 69.4 per cent in favour of the Yes side in the referendum and 30.6 per cent for "No". The polls are open as the nation votes in a referendum to repeal or retain the Eighth Amendment.
Harvey Weinstein freed on $1million bail
May 26, 2018 - 10:58
Actress Rose McGowan , among the first to accuse Weinstein of sexual assault, said seeing images of him in handcuffs was surreal. NY police say charges relate to allegations made by two women in an sex abuse probe involving the movie producer.