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The GB

Gabito Ballesteros

The GB
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Canadian Music Funding Body FACTOR Says It is the Victim of $9.8 Million  in Cybertheft
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Canadian Music Funding Body FACTOR Says It is the Victim of $9.8 Million  in Cybertheft

A new report reveals that the major Canadian funding body, which distributes millions of dollars in financial support to musicians, labels and music companies, alleges that nearly $10 million was stolen from its bank account earlier this year.

FACTOR Canada says it has fallen victim to serious cybertheft.

In a new report for the Globe & Mail, Josh O'Kane details new court filings by the music funding body, which reveal claims that $9.8 million was stolen from a Scotiabank account earlier this year.

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