TORONTO — Two of Canada's biggest banks are warning that "fraudsters'' may have accessed certain personal and financial information from some customers. The disclosure followed a warning from CIBC's direct banking brand Simplii Financial that also said "fraudsters'' may have electronically accessed certain personal and account information for approximately 40,000 Simplii Financial clients. Both banks say they will be contacting clients, and recommended that customers monitor their accounts and notify their financial institution about any suspicious activity. CIBC launched Simplii in November and absorbed the accounts of some two million President's Choice Financial account holders. The potential data breaches reported by Simplii and BMO on Monday are the latest cybersecurity incidents involving Canadians.

Source: Huffington Post May 28, 2018 13:52 UTC