A person works on a laptop in North Andover, Mass., June 19, 2017 file photo. A leading cybersecurity analyst tells MPs that foreign hackers have targeted Canadian banks, mining companies and government institutions in recent years to steal valuable secrets and spread malware. THE CANADIAN PRESS/AP/Elise Amendola

Hackers targeting Canadian banks, mining companies

A number of Canadian financial organizations appeared prominently on the ultimate target list

Foreign hackers have targeted Canadian banks, mining companies and government institutions in recent years to steal valuable secrets and spread malware, a leading cybersecurity analyst warns.

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, says Christopher Porter, chief intelligence strategist at California-based security firm FireEye.

A number of Canadian financial organizations appeared prominently on the ultimate target list, he told the House of Commons committee on public safety and national security.

At least a half-dozen organized-crime groups conduct financial crime operations targeting companies and people in Canada with a sophistication once seen only among nation-states, Porter said Wednesday.

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, he added.

FireEye, which works with Canadian military and public-safety institutions, says Canada is often one of the first nations targeted for new types of cyberoperations due to its financial wealth, high-tech development and membership in NATO.

One group in particular, which the firm calls FIN10, has focused specifically on Canada since 2013, carrying out numerous intrusion operations against gambling and mining organizations, pilfering business data and extorting victims, Porter said.

“The cyberespionage threat to Canada is moderate, but could be on the rise,” he said. “We have observed 10 separate espionage groups from China, Russia and Iran targeting Canada in recent years.”

READ MORE: Ottawa moves to clamp down on potential meddling in next federal election

Organizations in the government, defence, high-tech, non-profit, transportation, energy, telecommunications, education, and media sectors, among others, have all been affected — much like they have in many Western countries, he said.

The Canadian Centre for Cyber Security warned in its recent annual report that the biggest online threat Canadians face is cybercrime including theft, fraud and extortion.

It also said foreign countries are very likely to try to advance their agendas in 2019 — a general election year — by manipulating Canadian opinion with malicious online activity.

Porter told MPs it is important to provide people running for office with cyberthreat intelligence to ensure they are aware of possible risks.

However, such efforts to twist public opinion or compromise candidates are not limited to the cybersphere.

The National Security and Intelligence Committee of Parliamentarians said this week it would examine the threat to national security from foreign interference and the measures in place to counter it.

“Canada, like most other western democracies, is vulnerable to foreign actors seeking to illegitimately influence or interfere in our political and economic processes,” the committee said.

READ MORE: China tells US to stop ‘unreasonable crackdown’ on Huawei

Jim Bronskill , The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Stray cats hit by cars require $11,000 in medical care, says Abbotsford SPCA

Six injured cats have been brought to branch in last two weeks

Abbotsford Liberal candidate says policies show Trudeau apology is sincere

Seamus Heffernan said ‘error in judgment’ not representative of Prime Minister or party

Trudeau brownface photos are ‘a teaching moment,’ UFV South Asian Studies professor says

Photos are ‘unacceptable,’ but Satwinder Bains says Trudeau must demonstrate his apology was sincere

‘This isn’t fun and games’: Fraser Valley academic explains why brownface is hurtful

Satwinder Bains says wearing brownface and a turban is unacceptable

Abbotsford cops will now issue electronic tickets for driving offences

System is more efficient and accurate, says Abbotsford Police Department

VIDEO: Trudeau asks Canada to look to current, not past, actions on race

Liberal leader says he never spoke about the racist photo because he was embarrassed

Horvat paces Canucks to 6-1 pre-season win over Oilers

Vancouver improves to 3-1 in NHL exhibition action

Legislature gifts, clothing, travel need better control, B.C. auditor says

Audit follows suspensions of managers by Speaker Darryl Plecas

‘Unacceptable’: What politicians have to say about Trudeau in blackface

Calgary Mayor Naheed Nenshi: ‘When I saw that picture last night, certainly it was a sucker-punch’

‘He’s trying to kill me’: Victoria police commandeer boats to reach screaming woman

No charges laid and civilians to be awarded honours after incident on Gorge Waterway

VIDEO: B.C. man accused of assaulting sex worker loses temper in interrogation

Defence lawyer says statements made by accused Curtis Sagmoen should be deemed inadmissible

John Horgan promises action after fatal mid-Island bus crash

Premier cites students, local Indigneous community as reason to repair the road

Police warn of escalating violence, weapons in Vancouver’s Oppenheimer Park

Officers issue statement about high crime in the area that includes a homeless camp

Teens charged in stabbing death of B.C. man in strip mall parking lot

Two youths, aged 15 and 16, charged in Aug. 16 killing of South Surrey’s Paul Prestbakmo

Most Read