A Chinese citizen has been arrested in Hong Kong in connection with a cyber attack that cost Austrian aerospace parts maker FACC 42 million euros ($47.39 million), Austrian police said on Friday.FACC fired its chief executive and chief financial officer after the attack, whoch involved hoax emails asking an employee to transfer money for a fake acquisition project – a kind of scam known as a “fake president incident”.FACC’s customers include Airbus and Boeing.A 32-year-old man, who was an authorized signatory of a Hong Kong-based firm that received around 4 million euros from FACC, was arrested on July 1 on suspicion of money laundering, a spokesman for Austria’s Federal Office for Crime said.Such attacks, also known as “business email compromise”, involve thieves gaining access to legitimate email accounts inside a company often those of top executives to carry out unauthorized transfers of funds.
Källa: Chinese man arrested in Hong Kong over FACC cyber attack in Austria | Reuters
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