The growing size and scope of cyber attacks around the world is leading to a new paradigm.

Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares. Munich Re Expert: What to Expect in Pandemic Insurance.

But we didn’t fully know what this was.”. ($1 = 8.6563 Norwegian crowns) (Reporting by Terje Solsvik and Izabela Niemiec, editing by Sherry Jacob-Phillips). At the emergency meeting, Norsk Hydro executives made three swift decisions: They would pay no ransom, they would summon Microsoft’s cybersecurity team to help restore operations and they would be fully open about the breach. The entire workforce did their jobs with pen and paper during the attack’s first days.

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“This Trojan software was discovered by our antivirus a few days later. If the power is lost in an uncontrolled manner, it could risk severe safety incidents for people,” says Molland, the media relations SVP.

It turns out that second quarter financial costs were about 20-25 percent higher than expected, and the financial impact of being forced to resort to manual operations for reporting, billing and invoicing and to switch off production lines continues to grow. Paying the ransom would not help you to rebuild the company infrastructure, all the servers, all the PCs, all the networks.

And, finally, most companies wait as long as possible before reporting a cyber attack.

At Norsk Hydro, for example, the IT department works to increase security awareness among its employees, says Molland, the media relations SVP. For proof of that, just consider the March 2019 Norsk Hydro cyber attack. That division, which includes Alunorte, earned 415 million Norwegian crowns ($48 million) in the quarter, beating analysts’ forecast for 163 million crowns. “You will potentially get back your encrypted data – if the attacker gives you the key. It's been more than three months since Norsk Hydro was attacked and they are still many months away from making a full recovery. Instead, they opted to restore their data through trusted back-up servers. For proof of that, just consider the March 2019 Norsk Hydro cyber attack. Shell, Microsoft find common ground in drive to reduce CO2 emissions, Love all: Billie Jean King embraces tech and equality to make tennis even better, Report: A culture of innovation will fuel resilience and economic recovery, Vroom with a view: HoloLens 2 powers faster fixes for Mercedes-Benz USA. Other facilities were switching from computer to manual operations. For now, the biggest impact has been felt in the company’s Extruded Solutions division, which was particularly hard-hit by the Norsk Hydro cyber attack. U.S. Justice Department Proposes Changes to Internet Platforms' Immunity, U.S. Appeals Court Rejects Novel Opioid Settlement Framework, As Wildfires Approach Silicon Valley, Tech Firms Struggle to Find the Backing to Fight Them, Close Call With Storm Renews Debate Over Houston Barrier, Few Resources, Old-Growth Forest Allowed For Fire's Growth, A Happy Hour with Kevin: Booze... the Webinar, Commercial Property Master Class - Causes of Loss Forms, Exclusions.