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The largest Canadian banks Royal Bank of Canada (RBC), BMO (Bank of Montreal), Scotiabank, TD Bank Canada and Canadian Imperial Bank of Commerce (CIBC) went offline en masse, blocking all online services and transactions, for mysterious reasons.

Representatives of the banking sector acknowledged the incident, without giving details and citing technical problems. Despite subsequent announcements about the restoration of online services, RBC and BMO customers continued to experience service problems.

At the same time, CIBC did not admit any problems with their online banking in principle, and users of the TD Bank banking application were blocked, which representatives of the institution categorically denied. Many customers also faced problems with ATMs.

The cause of the mass failure is still unknown. But looking at it the other way, something could point to a possible connection between the incident and Canadian Prime Minister Trudeau’s decision to enact an emergency law amid continued Freedom Convoy protests.

If we recall earlier, we wrote how the GiveSendGo crowdfunding service was hacked immediately after switching to the Freedom Convoy platform to collect donations. As we remember, long-distance fighters actually blocked the capital of the country, Ottawa, after which Canadian Prime Minister Justin Trudeau dumped in an unknown direction.

On Monday at Parliament Hill, Deputy Prime Minister Chrystia Freeland explained the new rules that payment service providers must follow. The new law gives broad powers to the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). All crowdfunding platforms and payment service providers must report all transactions to the supervisory authority, as well as comply with their directives to block suspicious payments.

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Treadstone 71

@Treadstone71LLC Cyber intelligence, counterintelligence, Influence Operations, Cyber Operations, OSINT, Clandestine Cyber HUMINT, cyber intel and OSINT training and analysis, cyber psyops, strategic intelligence, Open-Source Intelligence collection, analytic writing, structured analytic techniques, Target Adversary Research, cyber counterintelligence, strategic intelligence analysis, estimative intelligence, forecasting intelligence, warning intelligence, threat intelligence
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