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Aircraft part manufacturer says cybercrime incident cost it $54 million

Discussion in 'CSO' started by RSS, Jan 22, 2016.

  1. RSS

    RSS New Member Member

    An Austrian airplane component maker for Boeing and Airbus said earlier this week a cybercrime-related fraud has caused €50 million (US$54 million) in damages.

    FACC AG said in its third quarter results report that the accounting department of its FACC Operations unit was targeted.

    While many businesses have had brushes with cybercrime in the last few years, FACC's large damages figure stands out.

    MORE ON CSO:Data breach numbers still high in 2015

    "The management board has taken immediate structural measures and is evaluating damages and insurance claims," the document said.

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