OTUS Eye Catchers

Take a look at what we’ve got our eyes on this week.

 

BMO and CIBC-owned Simplii Financial reveal hacks of customer data

Two Canadian banks warned customers Monday that they have been the targets of a recent hack attempt, and in one case the personal information of as many as 40,000 customers may have been stolen. CIBC-owned Simplii Financial was the first to warn on Monday morning that fraudsters had accessed the personal and account information of more than 40,000 of the bank’s customers.

The bank said it received a tip over the weekend that fraudsters had obtained the data, and after a preliminary investigation decided to go public on Monday.

 

Canada’s coolest summer job mixes adrenaline with reconciliation

Canada’s Coast Guard is about to open something it’s never had before — an inshore rescue boat station in Canada’s North. The high-speed vessel will be based in Rankin Inlet, Nunavut, on the northwestern shores of Hudson’s Bay, able to respond to boaters in distress, missing hunters, potentially even plane crashes and major ship emergencies. The new station augments the current patchwork system of community volunteers and professional resources, which are deployed from as far away as Winnipeg when someone needs to be rescued.

 

Project to build Phoenix Pay was ‘an incomprehensible failure,’ says searing auditor general report

No matter how many times you revisit the origins of the Phoenix Pay debacle, the utter failure of management and lack of government oversight remains stunning.

Auditor general Michael Ferguson and his team scoured the eight-year long decision-making that led to the launch of the federal government’s new pay system, Phoenix, on Feb. 24, 2016.

The gist of his report, published Tuesday, is that a small management clique within Public Services and Procurement Canada failed to seek independent advice, paid little attention to the concerns of federal departments that would use Phoenix, ignored the mounting project risks and, when faced with growing costs, elected to strip key software features from the pay system rather than ask for more money to do the job properly.

 

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