In Canada: FACTOR to ‘Vigorously’ Pursue Recovery of Stolen Funds After Alleged $9.8M Cyber Theft ...Middle East

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In Canada: FACTOR to ‘Vigorously’ Pursue Recovery of Stolen Funds After Alleged $9.8M Cyber Theft
FACTOR Canada says it has fallen victim to serious cyber theft. Court filings by the music funding body, The Foundation Assisting Canadian Talent on Recordings, reveal claims that $9.8 million was stolen from a Scotiabank account earlier this year.  FACTOR distributes millions in funding to thousands of artists and music organizations in Canada — last year, the organization dispensed $50 million. Now, it’s alleging that an amount equivalent to nearly a fifth of that annual distribution was transferred by a cyberthief to a numbered company. Related

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