Hackers hold Norsk Hydro for ransom

Nina Berglund reports:

The cyber attack that brought down Norwegian industrial firm Norsk Hydro on Tuesday is believed to have been orchestrated by hackers demanding ransom money, company officials confirmed at an afternoon press conference. Hydro won’t pay, and believes it will be able to get its systems back up and running.

“We have good back-up routines,” said Hydro’s finance director Eivind Kallevik. “Our main strategy is to reinstall data from the back-up systems.”

‘Serious’

He conceded that the situation “is serious,” with Hydro’s entire global network still down on Tuesday afternoon along with its website, which was replaced with a message about the attack.

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