Cybersecurity expert weighs in on recent cyberattacks [Video]

A cybersecurity expert is weighing in on recent cyberattacks on Federated Co-op Ltd. (FCL), among others.

Ethical hacker Terry Cutler told CTV News the market for information is growing, increasing the appetite for hacking.

“Their goal is to take this data and sell it on the dark web,” Cutler said. “Then reuse that data and target more people.”

In recent weeks, Saskatchewan residents have felt the effects of sweeping outages from an alleged cyberattack on FCL.

In an update Wednesday, FCL said they are investigating what data was targeted in the incident.

“If the investigation determines that data was in fact compromised, as previously stated, we will take appropriate action,” FCL spokesperson Brad DeLorey said in a response to CTV News.

FCL noted the attack has been contained. 

It adds to a growing list of cybersecurity events.

Thousands of car dealerships across the country are still recovering after an attack in late June, while Saskatchewan Liquor and Gaming Corp. and the Regina Public School Division also …