Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home Incidents

Austrian Company Loses €95k in Hacker Attack

March 13, 2024
Reading Time: 2 mins read
in Incidents
Austrian Company Loses €95k in Hacker Attack

The Austrian company experienced a devastating blow as it fell victim to a cunning hacker attack, resulting in a loss of €95,000. The attackers infiltrated the company’s email account and cleverly manipulated a business customer by sending a fraudulent payment request with falsified bank details. Despite the customer’s trust, the money was maliciously directed to a Portuguese account, leaving the company grappling with a substantial financial setback. This incident underscores the growing threat of cybercrime and highlights the importance of robust cybersecurity measures for businesses, particularly in safeguarding sensitive financial transactions.

As the company grapples with the aftermath of the attack, questions arise about the vulnerabilities of digital communication channels and the need for heightened vigilance against online fraud. The hackers’ sophisticated tactics, including accessing the compromised email account from IP addresses in France, illustrate the global reach and complexity of modern cyber threats. With financial losses totaling €95,000, this incident serves as a stark reminder of the significant financial risks posed by cybercrime and the imperative for organizations to implement stringent security protocols to mitigate such threats. It underscores the critical importance of employee training and awareness to recognize and prevent phishing attempts and other forms of online deception, ultimately safeguarding both businesses and their customers from devastating financial losses and reputational damage.

Reference:
  • Ybbstal Company Loses €95,000 in Email Hack Scam

Tags: Austriancyber incidentsCyber Incidents 2024Cyber RiskCyberattacksFranceMarch 2024
ADVERTISEMENT

Related Posts

Dior Breach Exposes Asian Customer Data

Dior Breach Exposes Asian Customer Data

May 15, 2025
Dior Breach Exposes Asian Customer Data

Australian Human Rights Body Files Leaked

May 15, 2025
Dior Breach Exposes Asian Customer Data

Nucor Cyberattack Halts Plants Networks

May 15, 2025
Hong Kong DSC Hit By Ransomware Attack

Alabama Cybersecurity Event Hits Services

May 14, 2025
Hong Kong DSC Hit By Ransomware Attack

Andy Frain Data Breach Impacts 100k People

May 14, 2025
Hong Kong DSC Hit By Ransomware Attack

Hong Kong DSC Hit By Ransomware Attack

May 14, 2025

Latest Alerts

Google Patches Chrome Account Takeover Bug

Horabot Malware Targets LatAm Via Phishing

HTTPBot DDoS Threat To Windows Systems

Microsoft Defender Bug Allows SYSTEM Access

Uncanny Automator Bug Risks WordPress Sites

Devs Hit By PyPI Solana Token Secret Theft

Subscribe to our newsletter

    Latest Incidents

    Dior Breach Exposes Asian Customer Data

    Australian Human Rights Body Files Leaked

    Nucor Cyberattack Halts Plants Networks

    Alabama Cybersecurity Event Hits Services

    Andy Frain Data Breach Impacts 100k People

    Hong Kong DSC Hit By Ransomware Attack

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial