Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Moneris Thwarts Cyber Threat

November 14, 2023
Reading Time: 4 mins read
in Incidents
Moneris Thwarts Cyber Threat

Toronto-based Moneris, a technology company jointly owned by the Royal Bank of Canada and the Bank of Montreal, successfully thwarted a ransomware attack by the Medusa gang.

Although listed on a cybercrime group’s data leak site, Moneris’ cybersecurity team managed to prevent access to critical data, and no ransom request was made. While the attempt’s timing remains undisclosed, the company affirmed its commitment to cybersecurity, emphasizing the protection of customer data and prompt actions that averted any impact on Moneris and its clients.

The Medusa gang, responsible for multiple high-profile attacks in 2023, had demanded a $6 million ransom from Moneris, granting nine days to comply. Moneris, the largest payment processor in Canada, operates at over 325,000 merchant locations across the country.

Despite reporting system outages in September, Moneris assured that its dedicated cybersecurity team swiftly responded, ensuring the security of customer data. The Medusa gang operates under a ransomware-as-a-service (RaaS) model, and ransomware groups have increasingly targeted financial system infrastructure, as seen in a recent attack on the Industrial and Commercial Bank of China (ICBC).

ICBC confirmed the attack, revealing that the LockBit ransomware group claimed an undisclosed ransom payment, resulting in disrupted trades in the U.S. Treasury market. The attack left ICBC’s U.S. arm indebted to another bank for over $9 billion, forcing the use of USB sticks and temporary Gmail accounts to conduct business during the incident.

The Moneris success story highlights the ongoing threat of ransomware and the crucial role cybersecurity measures play in safeguarding critical financial infrastructure.

References:

  • Canadian banking tech giant Moneris says it prevented ransomware attack
  • False Reports of Ransomware Impacting Moneris
Tags: CanadaCyber AttacksCyber incidentCyber Incidents 2023CybersecurityFinancialMonerisNovember 2023RansomwareRoyal BankToronto
ADVERTISEMENT

Related Posts

Indian Bank Transfer Records Exposed

Indian Bank Transfer Records Exposed

September 26, 2025

Chinese Cyberspies Hit US Defense Firms

September 26, 2025
Indian Bank Transfer Records Exposed

Neon App Shuts Down After Data Leak

September 26, 2025
Morrisroe UK Company Hit By Cyber Attack

Boyd Gaming Reports Data Breach After Attack

September 24, 2025
Morrisroe UK Company Hit By Cyber Attack

Morrisroe UK Company Hit By Cyber Attack

September 24, 2025
Morrisroe UK Company Hit By Cyber Attack

GeoServer Flaw Breaches US Agency Network

September 24, 2025

Latest Alerts

Fake PyPI Login Site Steals Credentials

Google Warns of BRICKSTORM Malware

Hidden WordPress Backdoors Create Admins

Hackers Target AWS and Steal Credentials

SonicWall SMA100 Update Removes Rootkit

BadIIS Malware Spreads Via SEO Poisoning

Subscribe to our newsletter

    Latest Incidents

    Indian Bank Transfer Records Exposed

    Chinese Cyberspies Hit US Defense Firms

    Neon App Shuts Down After Data Leak

    Boyd Gaming Reports Data Breach After Attack

    Morrisroe UK Company Hit By Cyber Attack

    GeoServer Flaw Breaches US Agency Network

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial