Cyberattack leaves financial crimes in Canada unmonitored by intelligence agencies

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How will the incident affect Canada's national security?

The Canadian financial intelligence agency announced the shutdown of its corporate systems due to a cyber incident.

Details of the incident were not disclosed, but it is known that FINTRAC is actively working to solve the problem together with Canadian federal services, including the Canadian Center for Cyber Security (CCCS). The purpose of such cooperation is to restore systems and protect information.

Located in Ottawa, FINTRAC was created to detect and investigate money laundering and other financial crimes. The agency plays a key role in Canada's national security, analyzing suspicious financial transactions, including those related to the financing of terrorism, and cooperating with the country's intelligence and law enforcement agencies.

At this time, it is unclear whether the incident was motivated by financial gain or a desire to gain access to FINTRAC's intelligence, as the agency claims that the attack did not affect intelligence or confidential systems.
 
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