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Cyber-Scammers Steal €50 Million From Austrian Airplane Manufacturer (softpedia.com)
An anonymous reader writes: FACC Operations GmbH, an Austrian company that produces various airplane parts for companies like Airbus and Boeing, has announced a cyber-incident during which cyber-fraudsters managed to steal around €50 million from their bank accounts. While CEO Fraud attacks manage to steal a few thousand dollars here and there, never has a company lost so much cash liquidity in one incident. Stock price took a tumble immediately.
It was an inside job, their first announcement was, that it was a suspected hack, and that they sent their collected data so far to a cyber incidence response center, and later determined it must have been an inside job. This is the (german) article from a leading Austrian newspaper about the incident from yesterday morning: FACC article. Feel free to use your favorite online translation service if your german is not good enough.
That's an important point, which the article makes several times:
Der Cyberbetrug beim oberÃsterreichischen Luftfahrtzulieferer FACC war kein Hackerangriff und kein Datendiebstahl, sagte ein Unternehmenssprecher am Mittwoch zur APA. Man wisse jetzt, dass "intern jemand benutzt" worden sei und sich die Betrugshandlungen im "Finanzbereich" von FACC abgespielt hÃtten.
"The fraud wasn't due to hackers and didn't arise from data theft. It was an inside job carried out in the finance department".
So it was ordinary fraud, they just used a computer, which you'd pretty much have to nowadays.