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How to Make an ATM Spew Out MoneyOn August 9, , BMO Bank, N.A. discovered that its network had been subject to unauthorized activity and began investigating. An Ontario court has approved proposed class action settlements with Bank of Montreal (BMO) and CIBC over cybersecurity breaches involving thousands of clients. The Bank of Montreal suffers a cyberattack, raising concerns over the security of Canada's financial institutions and critical infrastructures.