The Montreal Gazette reported earlier this week that a businessman there, Stephen Oakes, has been receiving errant faxes from the Canadian Imperial Bank of Commerce for more than three years, the most recent of which arrived in September. And, just like West Virginia's Wade Peer, the faxes contained confidential CIBC customer data. CIBC's CEO John Hunkin took the remarkable step of phoning Oakes to apologize. He's also issued an apology to all bank customers.
In the meantime, we reported this week on both CTV News [see the video links on the right for my report as well as items from my colleagues at CTV affiliates in Montreal and Vancouver] and in The Globe and Mail, that the CIBC is not the only bank with a fax problem. The Bank of Nova Scotia and the Toronto-Dominion Bank, Canada's 2nd and 4th largest banks by assets, also faxed confidential customer data to strangers.
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National Post Top Stories Who pays for this blog? I receive no fees, considerations, etc. etc. for the posts on this blog nor do I have any plans to accept any. My salary is paid by Canwest Global Communications Corp. I work for that company as the Ottawa-based National Affairs Correspondent for Canwest News Service. The blog publishing platform used here is called Blogware and it's developed by Tucows Inc. of Toronto, Ontario, Canada. Blogware users typically pay a monthly fee for using this platform but I do not as Tucows has kindly provided me with this platform. I may report on Tucows, its associated operations and executives, and on industry issues that may affect Tucows. I am grateful for Tucows' assistance but that's it. No favours were promised for their generosity nor do Tucows executives expect any. I hold no direct equity or stock in any company, Tucows included. If you think other disclosures are appropriate in this space, I'd like to hear from you. All of my contact details are always at www.davidakin.com You can read more about this section |
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Errata, observations and working notes