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Norsk Hydro estimates March cyber attack cost at $50 Million

Aluminium producer Norsk Hydro was hit by a massive cyber attack that impacted operations in several of the companys business areas across Europe and the U.S. The company did not pay any ransom and has filed a complaint with Norwegian police that is investigating the incident. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 percent in early trading on the Oslo Stock Exchange. The company has a robust cyber insurance in place with recognized insurers.”]

Source: https://securityaffairs.co/wordpress/84701/breaking-news/norsk-hydro-march-attack-cost.html

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