Banks report an increase in 'high impact' breaches as federal cybersecurity bill idles

MPs studying a cybersecurity bill aimed at protecting critical infrastructure like banks from devastating attacks heard Monday how the number of "high impact” cyber incidents hitting Canada’s financial institutions nearly tripled in the last year while the legislation sat in limbo.

Banks report an increase in 'high impact' breaches as federal cybersecurity bill idles
A older person with wrinkled hands, wearing a grey suit jacket, is shown holding a bank card in front of an ATM machine.

MPs studying a cybersecurity bill aimed at protecting critical infrastructure like banks from devastating attacks heard Monday how the number of "high impact” cyber incidents hitting Canada’s financial institutions nearly tripled in the last year while the legislation sat in limbo.