Financial regulator Fintrac has been targeted by a cyberattack, stating that sensitive systems were not compromised.

Movie DetailerPolitics Financial regulator Fintrac has been targeted by a cyberattack, stating that sensitive systems were not compromised.
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Canada’s financial intelligence agency, the Financial Transactions and Reports Analysis Centre of Canada (Fintrac), has disclosed that it recently fell victim to a cyberattack. In response to this security breach, Fintrac has taken proactive measures by taking its corporate systems offline to ensure their security and safeguard the data it holds.

In a statement published on its website, the agency emphasized that the cyberattack does not extend to its intelligence or classified systems, which remain secure. Fintrac has also informed that it is collaborating closely with federal partners to bolster the protection of its systems and mitigate any potential risks arising from the breach.

At present, Fintrac has refrained from offering further details or comments beyond the information made available on its official website. As an institution responsible for identifying and tracing money associated with illicit activities, Fintrac conducts thorough digital analyses annually on vast amounts of data sourced from financial entities like banks, insurance companies, and money services businesses.

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