140 BMO customers plan to sue bank after alleged transfer frauds

A group of more than 140 Bank of Montreal customers from across the country plan to file a class-action lawsuit against the bank, after they say they collectively lost more than $1.5 million in fraudulent e-transfers. CBC’s Angelina King looked into how fraudsters accessed the accounts — and how you can protect yourself.

Read more: https://www.cbc.ca/1.7169622

00:00 BMO customers plan to sue bank
1:20 Customers plan to file class action lawsuit
2:04 The fraud
3:35 How does it happen?
6:15 As cyber fraud grows, who should be liable?
8:25 Tips for protection: Be careful what you share online
9:10 Tips for protection: Slow down while online
9:32 Tips for protection: Long passwords = strong passwords

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