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The Cyber Security Place

Identity Theft

$55 Million Cyber Heist Strikes Aerospace Parts Manufacturer

Reported by hacked.com

An Austrian aerospace parts manufacturer – FACC, has been the target of a cyberattack that resulted in cybercriminals making away with a staggering $55 million from the company’s coffers.

FACC has long been a manufacturer supplier of engine and interior parts for companies like Airbus and Boeing, making it a ripe target for cybercriminals who worked toward a big payday.

Read the full article at hacked.com