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

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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