Leoni targeted by criminals

Leoni targeted by criminals.

Leoni AG realised on Friday 12 August 2016 that it had become the victim of fraud activity with the help of falsified documents, identities and the use of electronic communication channels. As a result, company funds were transferred to accounts abroad. The Management Board immediately launched an investigation into the events. Also the company is currently assessing claims for damages and insurance claims. It has reported the matter to the police criminal investigators. The damage to the company costs EUR 40 million. The criminal activities hasn`t affected the IT infrastructure or data security.

The extent of the damage will affect the projected net income for the year cannot at present be assessed. The situation of the Leoni Group has not been adversely affected in any material way. The performance of Leoni’s operations is in line with the forecast.

Source: Tripwire

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