FACC AG

The financial accounting department of FACC Operations was targeted in a cyber-attack through a spear-phishing campaign.

The hackers were able to steal a total of EUR 50 million of liquid funds from its account.

The management board immediately took structural measures and evaluated the damages and claimed insurance.

Source: https://blog.itgovernance.eu/blog/en/hackers-have-stolen-e50-million-from-an-aerospace-parts-manufacturer

TPRM report: https://scoringcyber.rankiteo.com/company/facc-ag

"id": "fac1358522",
"linkid": "facc-ag",
"type": "Cyber Attack",
"date": "01/2016",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"

{'affected_entities': [{'industry': 'Financial Accounting',
                        'name': 'FACC Operations',
                        'type': 'Company'}],
 'attack_vector': 'Spear-Phishing Campaign',
 'description': 'The financial accounting department of FACC Operations was '
                'targeted in a cyber-attack through a spear-phishing campaign. '
                'The hackers were able to steal a total of EUR 50 million of '
                'liquid funds from its account. The management board '
                'immediately took structural measures and evaluated the '
                'damages and claimed insurance.',
 'impact': {'financial_loss': 'EUR 50 million'},
 'initial_access_broker': {'entry_point': 'Spear-Phishing Email',
                           'high_value_targets': 'Financial Accounting '
                                                 'Department'},
 'motivation': 'Financial Gain',
 'post_incident_analysis': {'corrective_actions': 'Structural Measures Taken',
                            'root_causes': 'Spear-Phishing Campaign'},
 'response': {'containment_measures': 'Structural Measures Taken'},
 'title': 'Spear-Phishing Attack on FACC Operations',
 'type': 'Spear-Phishing'}