![]() FACC's IT infrastructure, data security, IP rights as well as the operational business of the group are not affected by the criminal activities. ![]() To the current state of the forensic and criminal investigations, the financial accounting department of FACC Operations GmbH was the target of cyber fraud. On JanuFACC AG announced that it became a victim of fraudulent activities involving communication- an information technologies. In a statement on its website, the Austrian-based company, whose clients include Airbus and Boeing, says that it does not believe that the hackers stole any intellectual property, and that its operations are not affected by the hack. 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 claiming that the average data breach cost affected companies $3.8 million. ![]() 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. 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.
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