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You Could Be Owed Up to $5,000: The CRA Data Breach Settlement, Explained

  August 21, 2026 If you had a Government of Canada online account back in 2020, it's worth five minutes to check whether you're eligible for a payout. Claims are now open in an $8.7-million federal settlement tied to a wave of 2020 cyberattacks on Canada Revenue Agency and other Government of Canada accounts. If your CRA My Account, My Service Canada Account, or another GCKey-linked account was compromised, you may be entitled to compensation — in some cases, up to $5,000. Here's what happened, who qualifies, and exactly how to file before the deadline. What happened Between June and August 2020, hackers used "credential stuffing" — testing stolen usernames and passwords from other data leaks against government login pages — to break into thousands of Government of Canada online accounts. In some cases, attackers viewed confidential personal and financial information; in others, they used stolen access to file fraudulent claims for pandemic-era benefits like CERB...
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Global Outage Sends Markets Tumbling: S&P/TSX and U.S. Indices Drop


The S&P/TSX composite index closed lower on Friday, reflecting a broader downturn in global markets. The index fell by 36.37 points to settle at 22,690.39. This decline was part of a larger trend, as U.S. markets also experienced significant losses.

The downturn was largely attributed to a global outage caused by a faulty software update from CrowdStrike, which affected numerous companies and organizations worldwide. In the U.S., the Dow Jones Industrial Average dropped 377.49 points to 40,287.53, while the S&P 500 and Nasdaq composite indices fell by 39.59 points and 144.28 points, respectively.

The Canadian dollar also saw a slight decrease, trading at 72.85 cents U.S., down from 73.01 cents U.S. on Thursday. Commodity markets were not spared, with crude oil prices dropping by $2.66 to $78.64 per barrel, and gold prices falling by $57.30 to $2,399.10 an ounce.

This market reaction underscores the interconnected nature of global financial systems and the widespread impact that technological disruptions can have on economic stability.


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