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BMO, CIBC's Simplii Financial data accessed for thousands of clients
May 28, 2018
8:11 am
Wayno
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BMO and CIBC both say they became aware of the issue on Sunday and continue to investigate, with 40,000 Simplii clients affected, as well as a limited amount of Bank of Montreal clients

May 28, 2018
9:07 am
Brimleychen
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May 28, 2018
9:16 am
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Brimleychen said
http://toronto.citynews.ca/201.....-hack/  

From that link -

One listener named Jennifer told 680 NEWS $2,889 was taken out of her CIBC Simplii account last week and the money is still missing. She also said her personal information was changed. She said she also reported this incident to the RCMP.

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I'm hoping that individual had the necessary ALERTS set up on her account so she would have been notified immediately of that personal information activity through both a text message and an email.

May 28, 2018
9:43 am
rhvic
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Top It Up said

From that link -

One listener named Jennifer told 680 NEWS $2,889 was taken out of her CIBC Simplii account last week and the money is still missing. She also said her personal information was changed. She said she also reported this incident to the RCMP.

------------------------------------

I'm hoping that individual had the necessary ALERTS set up on her account so she would have been notified immediately of that personal information activity through both a text message and an email.  

Alas, Simplii's web site has this to say about alerts:
-------
Can I set up alerts in my online banking account?

Currently, alerts are not available for Simplii FinancialTM online or mobile banking.
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Let's hope they change that very soon.

May 28, 2018
9:48 am
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rhvic said

Alas, Simplii's web site has this to say about alerts:
-------
Can I set up alerts in my online banking account?

Currently, alerts are not available for Simplii FinancialTM online or mobile banking.
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Let's hope they change that very soon.  

OOPS !!!!

I wonder how many other FIs don't offer the ability to set up alerts on their accounts?

May 28, 2018
11:37 am
Doug
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I think the news media is making mountains of proverbial moleholes on these data breaches because, fundamentally, it's sensational and attracts viewers/eyeballs/clicks and drives revenue. sf-cool

As I understand it, they were both informed by the perpetrators, or those purporting to be them or act for them, of information that the perpetrators now held. This could be as simple as stolen credit card numbers, which, sadly, happens all the time. 🙁

I'm not too concerned, but it shows that cyber security and information security are probably the #1 concern for financial institutions today.

Cheers,
Doug

May 28, 2018
12:57 pm
Londonguy
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I just checked and I'm happy to report that my $19 horde at Simplii is still there LOL

I too was surprised when I first found out that I couldn't set any email or text alerts on my Simplii accounts -- I have them set up to monitor unauthorized access to my accounts at little guys like Alterna, DUCA, WealthOne and Ideal Savings, but the much larger Simplii can't accommodate it? Always thought it was a major shortcoming on their part

May 28, 2018
3:15 pm
Save2Retire@55
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I just changed my password! Let's hope I won't get a phone call from them!

May 28, 2018
3:20 pm
Kidd
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How will you know... it's them?

May 28, 2018
4:05 pm
Loonie
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This confirms my previous decision not to deal with them.

May 28, 2018
4:28 pm
Save2Retire@55
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Kidd said
How will you know... it's them?  

I will call back ... Simplii needs to make using special characters in the password mandatory (It is not even possible to use now). Make using longer passwords possible (Max is 12 characters now). And also provide alerting as already mentioned.

The only worst bank I am aware of when it comes to online security is People's Trust. They were breached and I am still flagged for that breach. Hope the same doesn't happen.

May 28, 2018
4:29 pm
Save2Retire@55
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Loonie said
This confirms my previous decision not to deal with them.  

I still use the free cheque I received from PC many years ago for random things.

May 28, 2018
4:30 pm
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Looking like the Simplii breach was targeted toward clients who had set up their accounts to use Interac e-transfers - more to come from the infected FIs, or not.

May 28, 2018
4:34 pm
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Save2Retire@55 said

Simplii needs to make using special characters in the password mandatory (It is not even possible to use now). Make using longer passwords possible (Max is 12 characters now).  

You're talking about front door stuff - the breach was through the bathroom window of which password length has nothing to do with.

May 28, 2018
4:35 pm
Rick
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Loonie said
This confirms my previous decision not to deal with them.  

More "issues" @ Simplii support my decision to abandon my application to use them as an alternative to Tang. Lucky me.

May 28, 2018
4:44 pm
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Loonie said
This confirms my previous decision not to deal with them.  

Did you also cancel your Bell Canada services following their data breach?

May 28, 2018
5:35 pm
Save2Retire@55
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Top It Up said

Save2Retire@55 said

Simplii needs to make using special characters in the password mandatory (It is not even possible to use now). Make using longer passwords possible (Max is 12 characters now).  

You're talking about front door stuff - the breach was through the bathroom window of which password length has nothing to do with.  

True but if they can't even have enough security on the front door, they won't be able to protect the hidden spots. I can expect Simplii to be hacked but BMO! That's a shame. Hopefully they don't save all the information within the same database.

May 28, 2018
5:36 pm
Save2Retire@55
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Rick said
More "issues" @ Simplii support my decision to abandon my application to use them as an alternative to Tang. Lucky me.  

Tangerine replaced Simplii for me but I still have Simplii as a back up.
Would you say the same about BMO? After all, a big bank is affected too.

May 28, 2018
5:57 pm
John Wayne (Marion)
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rhvic said

Alas, Simplii's web site has this to say about alerts:
-------
Can I set up alerts in my online banking account?

Currently, alerts are not available for Simplii FinancialTM online or mobile banking.
-------
Let's hope they change that very soon.  

Thus like I said before....Alerts.....should be by text and or email. The option should be for either way.

May 28, 2018
8:35 pm
Doug
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Rick said
More "issues" @ Simplii support my decision to abandon my application to use them as an alternative to Tang. Lucky me.  

Go back to Coast Capital Savings for your day-to-day banking, Rick. If you don't need them for in-branch teller services, it's a slick bank. I really miss not having Me-to-Me Transfers, but that'll come. Meantime, I can use cheque deposits at their (or Exchange) ATMs or my Hubert "hub" account. 🙂

Cheers,
Doug

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