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International

Cyber fraud costs Boeing supplier $54 million

January 22, 2016 Reprints

Austrian aircraft components manufacturer FACC A.G. has said that cyber fraud targeting the firm's financial accounting department has caused €50 million ($54.5 million) in damages, reported Bloomberg.

"Cyber attack activities were executed from outside," FACC said. The attack also sent FACC's shares plummeting to their lowest level since they began trading in 2014. A security official said that the attack could have come from a competitor firm or a nation state.

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Cyber fraud costs Boeing supplier $54 million

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