DataBreaches.Net

Menu
  • About
  • Breach Notification Laws
  • Privacy Policy
  • Transparency Report
Menu

Hackers have stolen €50 million from an aerospace parts manufacturer

Posted on January 27, 2016 by Dissent

Lewis Morgan writes:

Yes, €50 million.

Aerospace parts manufacturer FACC posted a notice on its website last week stating, “the financial accounting department of FACC Operations GmbH was the target of cyber fraud.”

Read more on IT Governance.

The full text of FACC’s statement follows:

On January 19, 2016 FACC AG announced that it became a victim of fraudulent activities involving communication- an information technologies. To the current state of the forensic and criminal investigations, the financial accounting department of FACC Operations GmbH was the target of cyber fraud. FACC’s IT infrastructure, data security, IP rights as well as the operational business of the group are not affected by the criminal activities. The damage is an outflow of approx. EUR 50 mio of liquid funds. The management board has taken immediate structural measures and is evaluating damages and insurance claims. All production- and engineering units operate in an unaffected and normal way. An economic threat to the company concerning liquidity does not exist. The management board will decide on further actions after the outcome of the forensic investigations is available. FACC AG will announce its Q3 results tomorrow, as scheduled.

Category: Business SectorNon-U.S.

Post navigation

← GA: IT worker blamed for voter data leak disputes state’s report
NYS Comptroller’s audit of Haldane Central School District reveals IT weaknesses →

2 thoughts on “Hackers have stolen €50 million from an aerospace parts manufacturer”

  1. Anonymous says:
    January 27, 2016 at 2:00 pm

    Check this one out. https://blog.knowbe4.com/crelan-bank-loses-75.8-million-dollars-in-ceo-fraud

    1. Dissent says:
      January 27, 2016 at 2:08 pm

      Thanks for making me aware of that one, and yes, it’s another case of CEO Fraud/Business Email Compromise. Companies would be well-advised to check their insurance policies to see if such fraud is covered or exempt.

Comments are closed.

Now more than ever

"Stand with Ukraine:" above raised hands. The illustration is in blue and yellow, the colors of Ukraine's flag.

Search

Browse by Categories

Recent Posts

  • Mysterious leaker GangExposed outs Conti kingpins in massive ransomware data dump
  • Resource: HoganLovells Asia-Pacific Data, Privacy and Cybersecurity Guide 2025
  • Class action settlement following ransomware attack will cost Fred Hutchinson Cancer Center about $52 million
  • Comstar LLC agrees to corrective action plan and fine to settle HHS OCR charges
  • Australian ransomware victims now must tell the government if they pay up
  • U.S. Sanctions Cloud Provider ‘Funnull’ as Top Source of ‘Pig Butchering’ Scams
  • Victoria’s Secret takes down website after security incident
  • U.S. Government Employee Arrested for Attempting to Provide Classified Information to Foreign Government
  • St. Cloud Provides Update on Ransomware Attack in 2024
  • Bradford Health Systems detected abnormal network activity in December 2023. They first sent out breach notices this week.

No, You Can’t Buy a Post or an Interview

This site does not accept sponsored posts or link-back arrangements. Inquiries about either are ignored.

And despite what some trolls may try to claim: DataBreaches has never accepted even one dime to interview or report on anyone. Nor will DataBreaches ever pay anyone for data or to interview them.

Want to Get Our RSS Feed?

Grab it here:

https://databreaches.net/feed/

RSS Recent Posts on PogoWasRight.org

  • Resource: HoganLovells Asia-Pacific Data, Privacy and Cybersecurity Guide 2025
  • She Got an Abortion. So A Texas Cop Used 83,000 Cameras to Track Her Down.
  • Why AI May Be Listening In on Your Next Doctor’s Appointment
  • Watch out for activist judges trying to deprive us of our rights to safe reproductive healthcare
  • Nebraska Bans Minor Social Media Accounts Without Parental Consent
  • Trump Taps Palantir to Compile Data on Americans
  • The US Is Storing Migrant Children’s DNA in a Criminal Database

Have a News Tip?

Email: Tips[at]DataBreaches.net

Signal: +1 516-776-7756

Contact Me

Email: info[at]databreaches.net

Mastodon: Infosec.Exchange/@PogoWasRight

Signal: +1 516-776-7756

DMCA Concern: dmca[at]databreaches.net
© 2009 – 2025 DataBreaches.net and DataBreaches LLC. All rights reserved.