Rheinmetall’s Civil Unit Suffered Cyberattack That Cost $10 Million.

Rheinmetall’s civil unit suffered a cyberattack in April last year that cost the German arms manufacturer 10 million euros ($10.80 million), Chief Financial Officer Dagmar Steinert said at the annual shareholders’ meeting.

The group, which plays a major role in supplying arms to Ukraine, is exposed to many cyberattacks on a daily basis, Steinert said, adding that Rheinmetall is normally able to fend off most of them.

($1 = 0.9262 euros)

Source: https://www.channelnewsasia.com/business/rheinmetalls-civil-unit-suffered-cyberattack-cost-10-million-4334801