ThyssenKrupp’s technical trade secrets stolen by cyber criminals

Data Theft, What the Hack

ThyssenKrupp’s technical trade secrets stolen by cyber criminals

ThyssenKrupp’s technical trade secrets stolen by cyber criminals earlier this year, the world’s largest steel makers company said on Thursday.

Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber-attacks earlier this year, the German company said on Thursday.

The German company said, the breaches got discovered by internal cyber security team in April. The forensic report says, the breach first took place in February this year.

However, ThyssenKrupp did not name any specific methodology used in network and computer security breach.

German company, ThyssenKrupp, faced sophisticated attack by the cyber criminals operating from somewhere in Southeast Asia which resulted in confidential data breach. However, the accurate location is yet to be determined.

“The data breach was very organized, highly professional hacker activities resulting in project data theft from engineering division of company”, said ThyssenKrupp.

“ThyssenKrupp has become the target of a massive cyber attack,” the industrial conglomerate said in a statement.

The data breach which was discovered in April getting revealed in December, company has its own version on this query. The German Steel giant said in a statement “It is important not to let the intruder know that he has been discovered”.

“Once the cyber heist was discovered, we first moved toward cleansing infected systems and implementation of cyber security control to monitor its network and computers,” the spokesperson added.

The Company asserted that Thyssen’s board were well informed about the incident as well as State and federal cyber security and data protection authorities were kept in confidence.

Any other “casualty”?

In a statement, the company informed that it’s other divisions like power plants and Submarine Systems Units which produces submarines and warships were not affected by the cyber attack.

In recent years, cyber attacks on banks, law firms and other businesses have led to widespread financial data losses all over the world.