Alarm bells: The business groups warn that all data transfer mechanisms are in jeopardy as a result of the EU ruling, something echoed by lawyers, and that could impact nearly all financial transactions between the two largest economies in the world.
VIENNA: A Chinese citizen has been arrested in Hong Kong in connection with a cyberattack that cost Austrian aerospace parts maker FACC €42mil (RM190.47mil), Austrian police said.
FACC fired its chief executive and chief financial officer after the attack, which involved hoax e-mails asking an employee to transfer money for a fake acquisition project – a kind of scam known as a "fake president incident".
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