The Alberta Canola Conference kicked off yesterday in Lethbridge.
Producers taking part in the group's AGM heard the details of a spear-phishing attack that occurred in August.
Alberta Canola has implemented new ongoing cyber security training for staff and directors following a spear-phishing attack in August.
Director Ian Chitwood says payment for one invoice was diverted to a fraudulent account, the attack was discovered when the perpetrators tried a second attempt.
"Our bank was notified. A portion of the stolen funds were recovered from the fraud department, and a police report was filed."
He notes that Grant Thornton's Risk and Forensic Services reviewed the organizations' internal controls and improvements were made.
Alberta Canola has also applied for cyber insurance.Click here to see more...