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FACTOR Canada Says It Will 'Vigorously' Pursue Recovery of Stolen Funds After Alleged $9.8 Million Cybertheft
Photo by PiggyBank on Unsplash
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FACTOR Canada Says It Will 'Vigorously' Pursue Recovery of Stolen Funds After Alleged $9.8 Million Cybertheft

In a new statement, the Canadian music funding body says that Scotiabank has participated "reluctantly" in a process to recover the $9.8 million that was allegedly stolen from FACTOR's bank account earlier this year.

FACTOR Canada has released a new statement responding to a report that $9.8 million was stolen from the music funder.

In a statement on the foundation's website titled "FACTOR’s Response to the Scotiabank Cybertheft: The Facts," the company clarifies its side of the story that was reported on in the media and says that it aims to "defend the baseless allegations being made by Scotiabank against our systems and staff."

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