Cyber attack hits German copper mining giant | So Good News
Aurubis shut down IT systems at various production sites.
Akshaya Asokan (asokan_akshaya) •
October 31 2022
One of the world’s largest copper smelters was hit by a cyber attack on Friday night, knocking out several systems from the internet. Germany-based Aurubis said production could be largely maintained.
See also: OnDemand | A better way to approach New Data Backup and Recovery
The company’s statement asserted that the attack was part of a larger attack on the metals and mining industry.
The company’s Hamburg plant is the largest in Europe and can refine 450,000 metric tons of copper annually – two other plants; Only one in India and one in China are globally superior capabilities. Aurubis also owns a plant in Bulgaria that can process 360,000 metric tons annually, figures from the International Copper Study Group show.
The company is relying on administrative operations to keep production running while it investigates the full extent of the attack.
In May, the International Copper Study Group downgraded global expectations for 2022 growth to 1.9 percent from 2021, reducing revisions in 2021 due to Russia’s invasion of Ukraine and the novel coronavirus lockdown in China. China is the largest producer and consumer of refined copper.
The World Economic Forum predicts that copper prices will remain volatile over the past three years. In part because of the worldwide transition away from fossil fuels. Copper is a key component of renewable energy.
The London Metals Exchange announced on October 5 that it will limit the delivery of copper from Russia’s Ural Mining & Metallurgical Company and a subsidiary following sanctions against British co-founder Iskandar Makhmudov. The exchange expects that by 2023 there will be fewer consumers willing to accept Russian metal deliveries.
Ransomware continues to be a threat to industrial organizations, with cybersecurity firm Dragos on Wednesday naming it “one of the most threatening financial and operational risks to industrial organizations worldwide.” In the manufacturing sector, Dragos confirmed that 88 ransomware attacks occurred from July to September, but metal products manufacturing accounted for 14 percent of the total.