The Phaserl


Europe’s Largest Airline Falls Prey to $5 Million Cyber-Theft

from Gold Core:

Europe’s largest airliner in terms of passengers, Ryanair, has had $5 million siphoned from one of its bank accounts. It is alleged that Ryanair were hacked by cyber-criminals and had the cash illegally transferred to a bank account in China.

Cyber thieves managed to initiate a single fraudulent transaction using a Chinese bank when stealing the money from the airline according to reports. The hacked account held dollars which the Irish company uses for fuel purchases.

In a statement Ryanair said the following:

“The airline has been working with its banks and the relevant authorities and understands that the funds – less than $5 million – have now been frozen.”

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