Cyberattack shuts down Canadian government accounts - CNN | Canada News Media
Connect with us

Business

Cyberattack shuts down Canadian government accounts – CNN

Published

 on


At one point over the weekend, Canadian officials disclosed they detected as many as 300,000 attempted attacks to access accounts on at least 24 government systems.
“Early on Saturday morning a CRA (Canadian Revenue Agency) portal was directly targeted with a large amount of traffic using a botnet to attempt to attack the services through credential stuffing,” said Marc Brouillard, acting Chief Information Officer for the government of Canada. “Out of an abundance of caution the CRA portal was shut down to contain the attack and implement measures to protect CRA services.”
A “credential stuffing” attack is one in which stolen usernames and passwords are mined to fraudulently access personal accounts.
In total, more than 11,000 out of 12 million personal accounts were compromised, including tax accounts and online portals accessing Covid-19 relief programs. Government officials say they hope to have online services restored by Wednesday.
“The credentials used in the attack came from previous, non-government of Canada data breaches. They were effective because Canadians reused old passwords on government of Canada systems,” said Scott Jones, head of Canada’s Centre for Cyber Security, adding, “the accounts that used unique, strong passwords remain secure.”
Jones noted it is rare for his agency to either confirm or comment on the existence or nature of such a security breach.
Officials stressed that this was what they characterize as a “front door” attack, in which Canadian account holders’ usernames and passwords were compromised because they were previously stolen from other non-government accounts.
“This is not an attack where hackers are trying to do [it] through the backdoor. They are going into the system just like normal users, they are applying credentials just like normal users, so it’s very hard to detect that pattern from all the good traffic,” Brouillard said.
However, officials acknowledged a vulnerability in government security software that has since been detected and repaired.
The RCMP is now investigating and officials said they could not comment on whether the attack originated inside or outside of Canada.
A record number of Canadians were accessing Canadian government online portals in order to apply for and receive government aid during the pandemic.

Let’s block ads! (Why?)



Source link

Continue Reading

Business

Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

Published

 on

 

TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

Published

 on

 

ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Thomson Reuters reports Q3 profit down from year ago as revenue rises

Published

 on

 

TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.

The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.

Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.

In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.

On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.

The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:TRI)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version