Norsk Hydro Deals with $40 million in Losses from Cyber Attack
A ransomeware attack seriously hurt operations this week at Oslo, Norway-based Norsk Hydro — temporarily reducing the company’s production capacity by an estimated 50 percent, according to Reuters.
Norsk Hydro is one of the world’s largest aluminum producers. The company “transforms aluminum ingots into components for carmakers, builders and others.”
The company’s homepage tells visitors it experienced “a serious cyber attack March 19” and provides a link to a webpage for updates. Officials have estimated the financial impact of the attack is about $40 million.
Highlighting the importance of having a version control strategy, the company said in a statement that it’s working to remedy the problem by returning its systems to an earlier state.
“The root cause of the problems has been detected, a cure has been identified, and together with external partners, including national security authorities, Hydro’s experts are working on reverting virus-infected systems back to a pre-infected state,” the company said.
Bloomberg reports that company officials suspect the attack originated in the U.S., but the identity of the person or people behind the cyber attack isn’t known.
In ransomeware attacks, the perpetrator uses malware to take control or block access to sensitive information and then demands a ransom be paid in exchange for stopping the attack and returning access to the user.
3 Ways to Learn About GrayMatter at the IndustryWeek Manufacturing & Technology Conference
There will be plenty of chances to check out GrayMatter at IndustryWeek’s conference April 1-3 at the David L. Lawrence Convention Center.
Here are three of the best opportunities to hear from our experts:
• April 1: There’s still time to sign up for the Maintenance & Reliability Metrics: Best Practice Workshop with Intelligent Assets Lead Paul Casto. It’s set for 1-4 p.m. on the first day of the conference, and it’s intended for operations, maintenance and leadership professionals. You can find out more here.
• April 2: GrayMatter CEO Jim Gillespie will give a brief presentation and introduction to keynote speaker for Rebecca Liebert, senior vice president, automotive coatings, PPG.
Liebert’s keynote is set for 8 a.m. on the second day of the conference. She will be discussing her views on leadership in a time of technological transformation:
“To lead innovation, manufacturers must compete in a race for talent with tech companies who lure the best and brightest. Liebert, who has deep roots in manufacturing and her own story of personal transformation from farm to school to industry, will share how leadership must transform for manufacturers to remain competitive.”
• April 1-3: Stop by GrayMatter’s booth (we’re number #436) to chat with us about what we do and pick up one of our customer case studies.
Kimberly-Clark Launches Initiative to Address Water Scarcity
Kimberly-Clark, whose brands include Huggies, Kleenex, Scott and many others, is using an innovative tool powered by data analytics to help communities “develop sustainable water management plans for watersheds at risk.”
WaterLOUPE is a web-based platform that allows users to view and analyze water scarcity conditions in specific watersheds. That includes, for example, the Cauca catchment of Colombia and the São Paulo Basin of Brazil. Kimberly-Clark is expanding the program to include the Western Cape province of South Africa.
The tool includes data from places where Kimberly-Clark has facilities, but the company’s latest announcement highlights its desire to include everyone so that everyone can benefit from the valuable information.
“When we started our water conservation program, the goal was to reduce water usage in our mills to a sustainable level. But we quickly realized that we couldn’t just focus on our own facilities. It is critical that we consider the whole watershed and work with local stakeholders to understand water risk. That way, no one gets left behind.”
– Vetri Dhagumudi, Global Water Program Leader, Kimberly-Clark
To access WaterLOUPE, click here.