Cybercriminals Steal $54 Million from Aircraft Parts Maker

Posted: Tue, 08/09/2016 - 4:26pm

Aircraft parts manufacturer FACC AG recently revealed that cybercriminals managed to steal a significant amount of money in a scheme targeting the company’s finance department.

FACC AG is an Austria-based company that provides lightweight composite components for the aeronautics industry, including major manufacturers such as Boeing and Airbus.

The company has reported losing roughly €50 million ($54 million) as a result of criminal activity involving information technology and communications systems. FACC has only shared few details about the incident, but the aircraft parts maker believes the attackers are from outside the company.

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