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Credit Unions Cybersecurity Incident
June 15, 2022
5:16 am
Nehpets
Ontario
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CBC reported yesterday that credit unions across Canada were targeted in a cybersecurity incident, but no evidence data compromised. Celero Solutions, the Calgary-based company that provides digital technology services to CU's in Canada , says it became aware of unauthorized access to the company's systems on June 8.

https://www.cbc.ca/news/canada/manitoba/credit-unions-cybersecurity-incident-1.6488872

Could this explain the bizarre change in WYTH's restriction of $100 incoming EFT's last week?

Stephen

June 15, 2022
5:45 am
JohnnyCash
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Nehpets said

Could this explain the bizarre change in WYTH's restriction of $100 incoming EFT's last week?

Stephen  

We've got no other possible explanation for the irrational decision by Wyth to restrict incoming funds, so I think you're on to something. The only other theory that's been speculated is related to their upcoming acquisition by EQ.

June 15, 2022
12:35 pm
Loonie
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Technically, Wyth is part of a bank (Concentra). This bank has close connections with the CU movement, although it seems rather distant considering it is now going to be with EQ.
It could be though that Concentra is a customer of the same group that serves the CUs.

On the other hand, no other CU seems to have taken Wyth's measures. I moved five figures yesterday from a CU without a problem.

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