Operations at a Halt”
Source: Austrian company PALFINGER AG is the world market leader in hydraulic lifting, loading and handling systems. It employs over 11,000 people in 35 locations across the globe with 5,000 service points. The company’s IT infrastructure has been crippled because of the cyber attack. The disruption described by the company suggests a ransomware infection, where systems become unusable as data and applications are encrypted and frozen. However, the firm has yet to disclose details of the hack. It is not possible to estimate the precise extent and duration of the attack or its consequences.”]