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Cyber attack likely to cost Norsk Hydro nearly $52 million

Posted On: Apr. 30, 2019 5:46 AM CST

Norsk Hydro

Norway-based Norsk Hydro A.S.A. said that a March 19 cyber attack is likely to cost the aluminum maker up to $52 million, Reuters reported. The ransomware attack forced Norsk Hydro to halt some production and temporarily switch to manual operation. The aluminum maker said that it had purchased a cyber insurance policy to cover these types of losses.

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