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Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million

by AIP Online Bureau | Jul 24, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

  Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack in March, the firm said on Tuesday, boosting its shares.   The Norwegian company’s stock rose as much as 6% in early trade after...

Rhine river shipping faces another historic shutdown as drought hits water levels

by AIP Online Bureau | Jul 24, 2019 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Risk Management

  The bustling boat traffic on Europe’s Rhine river ground to a halt for the first time in living memory last year, as shrinking alpine glaciers and severe drought made the key transport artery impassable. Those historic conditions could be repeated in a...

Group of German companies – including BASF, Siemens, Roche – hit by cyber attacks

by AIP Online Bureau | Jul 24, 2019 | Eco/Invest/Demography, International News, Risk Management, Technology

German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed Chinese group. Public broadcaster ARD said the...

U.S. slaps $5 billion fine against Facebook, other privacy settlement terms

by AIP Online Bureau | Jul 24, 2019 | International News, Non-Life, Risk Management, Technology

  Facebook Inc. will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.   The FTC voted 3-2...

Google to pay $11 million to settle age bias employment claims

by AIP Online Bureau | Jul 22, 2019 | Eco/Invest/Demography, International News, Technology

Google agreed to pay $11 million to end a lawsuit accusing the internet giant of discriminating against older job applicants, a deal that amounts to an average payout of more than $35,000 for 227 people who joined the class action.   The settlement also calls for...
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