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“We have good back-up systems and we have plans on how to restore it,” he said. The attack began in the United States on Monday evening and escalated overnight, hitting IT systems across most of the company’s activities and forcing staff to issue updates via social media. “It is too early to indicate the operational and financial impact, as well as timing to resolve the situation,” Hydro said in a regulatory filing via the Oslo Stock Exchange. However, Kallevik said the financial impact was limited so far.
“It is mostly direct labor: some of the activities that we use computers to do, today we use manual labor, We have to add some more people,” he told Reuters, News of Hydro’s plant outages pushed aluminum prices to a three-month high on the London Metal Exchange, The company’s shares tiffany cufflinks fell as much 3.4 percent before recovering to trade 0.8 percent lower by 1438 GMT, The LockerGoga malware is not widely used by cyber crime groups, cyber security researchers said, but has been linked to an attack on French engineering consultancy Altran Technologies in January..
Haakon Bergsjoe, head of NNSA’s National Cyber Security Centre, said there were no reports of other companies affected on Tuesday. All major Norwegian companies had been warned in the wake of the attack on Hydro, he told Reuters. The last publicly acknowledged cyber attack in Norway was on software firm Visma, when hackers allegedly working on behalf of Chinese intelligence breached its network to steal secrets from its clients. Companies and governments have become increasingly concerned about the damage hackers can cause to industrial systems and critical national infrastructure following a number of high-profile cyber attacks.
In 2017, hackers later accused by the United States of working for the North Korean government unleashed billions of dollars worth of damage with the Wannacry ransomware tiffany cufflinks virus, which crippled hospital, banks and other companies worldwide, Pyongyang has denied the allegations, Other cyber attacks have downed electricity grids and transport systems in recent years, and an attack on Italian oil services firm Saipem late last year destroyed more than 300 of the company’s computers, Hydro makes products across the aluminum value chain, from the refinement of alumina raw material via metal ingots to bespoke components used in cars and construction..
The company’s hydroelectric power plants were running as normal on isolated IT systems unaffected by the outage, as was the alumina operation and smelters located outside Norway, including in Qatar and Brazil, Hydro said. Hydro, which has 36,000 employees in 40 countries, made a net profit of 4.3 billion Norwegian crowns ($505 million) last year on sales of 159.4 billion. At its headquarters in the suburbs of Oslo, signs at the entrances warned employees not to log on to the IT system. (Refiles to remove repeated word in paragraph 1.).
WASHINGTON (Reuters) - New orders for U.S.-made goods rose less than expected in January and tiffany cufflinks shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity, Factory goods orders edged up 0.1 percent, the Commerce Department said on Tuesday, held back by decreases in orders for computers and electronic products, after rising by the same margin in December, There were also declines in demand for primary metals and fabricated metal products, Economists polled by Reuters had forecast factory orders rising 0.3 percent in January, Factory orders increased 3.8 percent compared to January 2018..
Shipments of factory goods fell 0.4 percent after dropping 0.2 percent in December. They have now declined for four consecutive months, the longest streak since mid-2015. Factory orders are likely to remain soft as unfilled orders rose only 0.1 percent in January after dropping for three straight months. Stocks at manufacturers jumped 0.5 percent in January after edging up 0.1 percent in the prior month. The release of the report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25. U.S. financial markets were little moved by the data.
Reports last Friday showed manufacturing output fell for a second straight month in February and factory tiffany cufflinks activity in New York state hit nearly a two-year low this month, Manufacturing, which accounts for about 12 percent of the economy, is losing momentum as the stimulus from last year’s $1.5 trillion tax cut package fades, Activity is also being hampered by a trade war between the United States and China as well as by last year’s surge in the dollar and softening global economic growth, which are hurting exports..