Waterloo Brewing Ltd. apparently lost $2.1 million in a social engineering cyberattack in November 2019.
The incident involved the impersonation of a creditor employee and fraudulent wire transfer requests.
however, Waterloo Brewing initiated an analysis of all other transaction activity across all of its bank accounts, as well as reviewed its internal systems and controls which included its computer networks, after becoming aware of the incident.
Source: https://www.cbc.ca/news/canada/kitchener-waterloo/waterloo-brewing-cyberattack-1.5367658
TPRM report: https://scoringcyber.rankiteo.com/company/waterloobrewing
"id": "wat213271122",
"linkid": "waterloobrewing",
"type": "Breach",
"date": "11/2019",
"severity": "60",
"impact": "2",
"explanation": "Attack limited on finance or reputation"{'affected_entities': [{'industry': 'Brewing',
'name': 'Waterloo Brewing Ltd.',
'type': 'Business'}],
'attack_vector': 'Impersonation of a creditor employee and fraudulent wire '
'transfer requests',
'date_detected': 'November 2019',
'description': 'Waterloo Brewing Ltd. lost $2.1 million in a social '
'engineering cyberattack involving the impersonation of a '
'creditor employee and fraudulent wire transfer requests.',
'impact': {'financial_loss': '$2.1 million'},
'motivation': 'Financial Gain',
'response': {'remediation_measures': 'Initiated an analysis of all other '
'transaction activity across all of its '
'bank accounts, as well as reviewed its '
'internal systems and controls which '
'included its computer networks'},
'title': 'Waterloo Brewing Ltd. Social Engineering Cyberattack',
'type': 'Social Engineering'}