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

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

- Europe’s largest airline says $5 million (€4.5m) taken from bank accounts
- Ryanair confirms hackers stole via Chinese bank
- Cash siphoned from one of its bank accounts
- Allegation that robbed in Chinese banking scam
- Hackers transfer $5 million from a Ryanair dollar account to Chinese bank
- Highlights growing risks of cyber-crime and lack of protection
- Cyberattacks as the “New Cold War” and risk to all our wealth
- Cash no longer king – deposits more risky due to cyber-crime

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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. (more…)

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