International Steel Mills
Thyssenkrupp Hit by Cyber Attack
Written by Sandy Williams
December 7, 2016
German steel maker Thyssenkrupp revealed technical trade secrets were stolen in a cyber attack earlier this year.
“ThyssenKrupp has become the target of a massive cyber attack,” the company said in a statement on Thursday.
Breaches at its plant engineering division were discovered in April and traced back to February. The attacks were attributed to “organized, highly professional hacker activities, located in Asia. The attack targeted divisions that plan industrial and steel plants in Europe. Thyssenkrupp Marine Systems, which builds military ships for the German and Israeli navies, and control systems for its steel division blast furnaces and power plants were not affected.
The company said there was no sign of data manipulation or sabotage but could not estimate the scale of intellectual property loss.
Thyssenkrupp has filed a criminal complaint with police in North Rhine-Westphalia.
The announcement by Thyssenkrupp follows a massive attack on internet server Deutche Telekom last month that affected nearly one million routers in Germany.
In April of this year, US Steel charged that Chinese hackers stole trade secrets in a cyber attack initiated in January 2011. The allegations of misappropriation and use of trade secrets were included in the Section 337 complaint that US Steel brought against China.
Sandy Williams
Read more from Sandy WilliamsLatest in International Steel Mills
Nippon respects HR dumping decision, expects lower rate in next review
Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.
Nippon still sees USS deal closing by end of ’24: Report
Japan’s Nippon Steel still anticipates closing on its proposed deal to acquire U.S. Steel by the end of 2024.
BlueScope lowers profit predictions due to global steel slowdown
Australia’s BlueScope Steel has lowered its earnings guidance due to challenging conditions in the global steel industry.
Trump reiterates opposition to USS sale to foreign firm
Former President Donald Trump repeated his disapproval of U.S. Steel’s sale to a foreign owner in a campaign speech on Sunday.
Lindqvist gives up board position as he departs SSAB
After stepping down as president and CEO of SSAB, Martin Lindqvist announced he'll also be leaving his position on SSAB's board of directors.