Published on January 22nd, 2016 📆 | 8011 Views ⚑
0Hackers Steal $55 million From Boeing Supplier
iSpeech
Aerospace parts manufacturer FACC says that its financial accounting department has been attacked by hackers, who managed to steal approximately €50 million ($54.5 million) from its coffers.
Perhaps surprisingly, the company, whose largest shareholder is a Chinese aviation corporation, appears not to have been hacked for its data or intellectual property, but instead for cold hard cash.
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If the claims of the hackers robbing €50 million from FACC are accurate then it is certainly a notable attack, with last year’s Ponemon study
FACC’s management team say that they are evaluating what damage has been done, and is keen to reassure observers that production and engineering will continue on as normal despite the heist, and that there are no liquidity threats to the company.
Nonetheless, the markets haven’t responded well to the news of the hack with FACC’s stock price closing 17% lower by the end of trading.
When I heard the story of the hack against FACC I was instantly reminded of the news last year that budget airline Ryanair had been attacked by hackers
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Of course, it’s far too early to speculate whether the FACC and RyanAir hacks are connected.
Gloss