 Hello everyone, this is Amit Dan and on this channel you'll find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is financial author Amit Dan of amitdan.com. Today I'll talk about BMO and CIBC's simply financial news just broke out and that these two bank accounts got hacked and before I start I would like to introduce myself if this is the first time you're watching this channel on this channel you'll find various videos, mainly financial travel and other videos. 99% of the times if you're reading a credit card reviews or banking product reviews on any website or anywhere else basically those are actually paid for by the credit card companies or they're affiliated reviews. They're not honest or unbiased reviews. So the websites are trying to make you sign up for those credit cards by mentioning or giving you names such as the best credit card or you know, these are the five top picks. These are the three or ten top picks. So whenever you're signing up using those links, they make money. So they have a valid reason not to give you the bad things behind the credit cards. They'll only tell you the good things and however on my channel, I do not have any affiliated links or anything. So all the reviews and opinions are honest, unbiased and up to the point. So if you haven't subscribed already, please subscribe now and if you like what you see, please give it a thumbs up because there will be more videos coming up. And also I'd like to mention that using or utilizing credit card reviews and points, I travel the globe and you'll find lots of travel videos on my channel. So these travels actually was made possible because of the credit card reviews points. So I provide tips on those two and you'll see some of the travel videos here and there'll be more videos coming up. And I do not just post one specific topic or subject. So you'll find a variety of videos. So CIBC and BMO and CIBC's Simply Financial mentioned this morning that some of the accounts were hacked. The news broke out first at CIBC and then the BMO later on followed the path and they mentioned that some of the accounts to be more specific CIBC said about 40 000 accounts and BMO said about 50 000 accounts were have been compromised and it looks like by the tone of their news release that you know they were tipped off actually by the hackers. They didn't find out these things by themselves. So they said like you know it should raise a point or flag why the hackers are tipping them off. So what I believe could happen that you know the hackers are trying to probably blackmail them. They would say that you know they have some information and if they do not give what they're asking for then they would release or make this information public. And there are some news that some of the people's accounts were like you know their money. They were money transferred out of some accounts and however CIBC and Simply Finance Shell or CIBC BMO they haven't they're saying that they'll reach out to those who are affected once they find out. However without just like you know sitting and doing nothing there's some steps you can take take and that's what I'll talk about today. And some other news that which concerned me that CIBC Simply Finance Shell has about I believe 2 million accounts and they are mentioning that only 40,000 accounts were hacked. So the number seems to be very low. So at this point I do not know or no one knows if these numbers are correct on you know, there's more higher numbers, but they're just giving a smaller number so the general population or their customers do not panic. So instead of doing nothing these are the steps you can take right now. So the first thing log on to your account try to log on to your account and if you see that you cannot log on to your account then that's your that should be your flag number one. So that means you know something is wrong. Then you should call your bank immediately if you cannot access your account number two let's say if you're able to access your account then the first thing you should be doing is that whenever you log into any account, would it be like a great card or bank account? Then on the main screen there's a place where it shows you when you access the account last time or when you logged into the last time. So pay attention to that time and check that you know if it's you who access that account that time because once you access your account again second time you're not gonna be able to see that time anymore because then it will show you the first time you access. So pay attention for the first time after listening to this video or watching this video that you know when the account was accessed last time and if it matches with your own access time then you know that's that's a good sign and then after that what you can do go through all the transactions if you have several accounts under same bank then check each account and go through all the transactions and see that if any there were any transactions were made which you do not recognize the transactions you should be looking for mainly transfer out EFT or paying something or buying something but any transactions let's say you do not recognize should raise flag and you should contact the bank immediately and the other thing you can do don't just stop here doing this one time try to check your account every day for a few days and then once things cool down and once BMO and CIBC they mentioned that you know everything is have been fixed or everything is under control then you can check it less often but I would suggest that for the next few days log into your account every time and see if there's any irregular activities and this is like you know later on because what you can do later on much later because at this point we do not know if they have our addresses or personal information so they can open up great cards or other bank accounts using the information they have or they can try to do something else so keep an eye on your great score and great report you can easily obtain free a great score and great report from some of the Canadian financial companies which would be for example Borrowail, Mogo, Trans, Great Karma and even these days the banks are giving you free great score most of the major banks they have the service I know that CIBC has it, Scotia has it but I believe other banks may have it too for example RBC or TD so whenever you get the opportunity to sign up for this free great report and great score and keep an eye on your great score and great report to see if there is like you know dent or ding on your score or if someone is trying to open an account or someone is trying to change address or if someone is trying to change any personal information so let's say this just happened today and it doesn't mean like you know nothing could nothing else could happen after one month or down the road in three months you should always be keeping an eye on this because you don't know when the hackers are like you know trying to open an account for you even much later they might just sit right now and do nothing and once the whole thing you know gets forgotten forgotten then they will you know try to open new accounts or change addresses or they can do so many things so the best thing to do would be just to keep an eye and be vigilant and always like you know check and pay attention to your great report and great score and anytime if you have any questions or if you see anything irregular activities or if you have any doubt just call your bank's customer service right away and let them know your concerns so that should be and they will they should be able to take care of that or you know address of issues you may have so that's all I have for now if you like what you see please give it a thumbs up and consider subscribing and on this channel you'll find news or opinion or video clips just like the one you're watching right now so if this is something you'd like to be notified of in the future please subscribe and if you like to this video please hit the like button thank you and I'll see you shortly bye