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"Hydro is currently under cyber attack"

Major aluminium producer Norsk Hydro (OS: NHY) is working to ensure safe operations and limit operational and financial impact after it announced it was subject to an “extensive cyber attack” in the early hours of Tuesday (Central European Time).
"Hydro is currently under cyber attack" "Hydro is currently under cyber attack" "Hydro is currently under cyber attack" "Hydro is currently under cyber attack" "Hydro is currently under cyber attack"

Hydro is switching to manual operations where possible

Staff reporter

It said it had isolated all plants and operations and was switching to manual operations and procedures where possible.

"Hydro is working to contain and neutralise the attack but does not yet know the full extent of the situation," the company said about 12 hours ago.

"It is too early to indicate the operational and financial impact, as well as timing to resolve the situation."

It said it would use Facebook as its main external communication channel.

In a webcast, CFO Eivind Kallevik described it as ransom attack. He said it was important to note there were no safety-related incidents.

"Let me be clear," he said.

"The situation for Hydro through this is quite severe.

"The entire worldwide network is down affecting our production as well as our office operations."

It is the latest setback for the company, which is yet to resume full operations at its Alunorte refinery in Brazil, where it was ordered to halve production last year over water contamination concerns.

Bloomberg reported it was the latest cyber attack to hit the commodities sector, referring to a recent attack on zinc smelter Nyrstar and on Saudi and Russian oil giants Aramco and Rosneft PJSC.

Hydro shares were trading about NOK60 in early 2018 before the Brazil issue emerged.

They are down 9.26% year-to-date and closed down 0.7% yesterday to NOK35.58.