Suncor cyberattack likely to cost company millions of dollars, expert says

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Cyberattack affected many of Suncor’s Petro-Canada sites across the country over the weekend, and many remain unable to accept credit or debit payments

Jon Ferguson of the Canadian Internet Registration Authority says the type and scale of the cyberattack currently affecting the Calgary-based oil and gas company remains unknown.But Ferguson says companies who fall victim to cyber crime face extensive costs to clean up the damage — everything from possible ransomware payments to the hiring of lawyers, data breach coaches and third-party IT experts.

The cyberattack affected many of Suncor’s Petro-Canada sites across the country over the weekend, and many remain unable to accept credit or debit payments. Ferguson says the cost of the breach will also include lost revenue as a result of customers who choose to fill up elsewhere, as well as reputational damage to Suncor’s brand.Checking box will enable automatic data updates.

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