Chinese man arrested in Hong Kong over FACC cyber attack in Austria

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, which 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.

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