{"id":61008,"date":"2019-04-30T13:08:40","date_gmt":"2019-04-30T18:08:40","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=61008"},"modified":"2019-04-30T13:08:50","modified_gmt":"2019-04-30T18:08:50","slug":"norwegian-aluminum-ransomware-attack","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/norwegian-aluminum-ransomware-attack\/","title":{"rendered":"Ransomware Price Tag Reaches $52M for Norwegian Aluminum Maker"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Downtime, Lost Profits and Remediation Costs Reach $52 Million for Norsk Hydro <\/h3>\n\n\n\n<p style=\"text-align:left\">The Norwegian aluminum maker, Norsk Hydro, is still suffering the aftermath of a ransomware attack that riddled its networks early last month.\u00a0 The ransomware variant, LockerGoga, initially infiltrated the company\u2019s networks through their Active Directory.\u00a0 This allowed for the malicious software to quickly spread among the company\u2019s endpoints.\u00a0 <\/p>\n\n\n\n<p>Since this is a newer version of ransomware, LockerGoga was able to bypass the security solution Norsk Hydro had in place.\u00a0 Fortunately, their detection and response process was rather effective, resulting in minimal interruption to daily operations and consumer deliveries.\u00a0 However, this doesn\u2019t mean the company has been left unimpacted.\u00a0 Select production lines have suffered a 20 to 30 percent decrease in productivity.\u00a0 In just a matter of days, this has cost the company millions in lost revenues.\u00a0 <\/p>\n\n\n\n<p>To date, the cyber attack has cost Norsk Hydro a total of 350 million Norwegian crowns, or $52 million USD.\u00a0 A bulk of these funds are lost revenues from the decrease in production; however, there are also additional costs factored in as well, including the remediation efforts and IT and security costs.\u00a0 <\/p>\n\n\n\n<p>Company officials have yet to disclose a projected timeline for operations to return to full capacity.\u00a0 Although, total costs are expected to continue to rise due to the approximate 25% decrease in production.\u00a0 <\/p>\n\n\n\n<p>As a result, the company has postponed its first quarter earnings report an additional five weeks to June 5, 2019.  Norsk Hydro has confirmed a cyber security insurance policy should help cover the cost of the attack.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Downtime, Lost Profits and Remediation Costs Reach $52 Million for Norsk Hydro The Norwegian aluminum maker, Norsk Hydro, is still suffering the aftermath of a ransomware attack that riddled its networks early last month.\u00a0 The ransomware variant, LockerGoga, initially infiltrated the company\u2019s networks through their Active Directory.\u00a0 This allowed for the malicious software to quickly [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":55582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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