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.