The Governor of the Bank of Canada confessed last year that he was losing sleep over the threat of cyberattacks. In practical terms, the lead bank is obligated to keep secrets and prevent inside leaks of the direction in which it is intending to move interest rates – valuable data for crooks who wanted to bet against the market.
In June, the banker’s nightmare came true, with the news that data on 2.7 million Desjardins customers and 173,000 businesses had been hacked and sold on the Dark Web. The culprit was not a foreign power or Mafia gang, but an insider – a long-time, trusted manager in the IT department.
Exporting a database is child’s play for an IT professional who fully understands technology. He or she can always find a way to disable protections and transfer files.
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