Industrial Computer Maker Confirms Ransomware, Data …

Advantech reports the stolen data was confidential but did not contain high-value documents.

Industrial computer manufacturer Advantech has confirmed a ransomware attack that led to the theft of confidential, though low-value, corporate documents, BleepingComputer reports. 

Advantech, a global leader of embedded and automation platforms for Internet of Things (IoT) system integrators, manufactures embedded PCs, industrial IoT (IIoT) devices, network devices, servers, intelligent systems, and intelligent healthcare tools among its many offerings.

The Conti ransomware group was reportedly behind this attack and demanded a $12.6 million ransom to both decrypt target systems and stop publishing the data they stole. They also claimed they would remove backdoors installed on Advantech’s network if the ransom was paid. Attackers began to leak stolen data on their ransomware data leak website on Nov. 26. 

Advantech reports the affected server has been recovered and all key operating systems are functioning as normal.

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Industrial computer manufacturer Advantech hit with a ransomware attack

Industrial computer manufacturer Advantech Co. Ltd. has been hit with a ransomware attack, and those behind the attack are demanding a ransom of 750 bitcoin ($13.8 million).

Based in Taiwan, Advantech is the world’s largest supplier of industrial computers, with a 34% market share as of 2018. The company also manufactures network devices, servers, industrial “internet of things” devices and healthcare solutions.

The attack took place on Nov. 19, according to Taiwanese media with Bleeping Computer, which reported separately Saturday that it involved Conti ransomware. Those behind the Conti ransomware attack are said to have offered full data decryption and a promise to delete the data they had stolen if the ransom was paid with a threat to start releasing stolen data if payment was not made.

By Nov. 26, no payment had been made and those behind the attack released a 3.03-gigabyte archive of Advantech data that they claim

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Global COVID-19 Impact on Industrial Internet of Things (IIoT) Market to Witness Significant Rise in Revenue During the Forecast Period

The MarketWatch News Department was not involved in the creation of this content.

Industrial Internet of Things (IIoT) Market

Nov 10, 2020 (PRNews Times via COMTEX) —
The research report on Industrial Internet of Things (IIoT) Market analyzes the entire production and supply chain of the market and provides data as per the various situations. Then again, the report likewise gives the data related to price, cost, value, volume, pay, income, and net revenue of the market utilized in different fields, which are in high demand in the major regions and by various organizations. In this manner, filling in as a precious source of guidance for readers, covers an analytical overview of the industry chain of the global market and discusses key elements related with it, including driving purchasers, driving crude material suppliers, and suppliers of manufacturing equipment.

Our analysis involves the study of the market taking into consideration the

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ECI Software Solutions Completes Acquisition of Shoptech Industrial Software

ECI Software Solutions, a leader in cloud-based business management solutions, today announced that it has completed the acquisition of Glastonbury, CT-based Shoptech Industrial Software Corp., a provider of ERP software for job shops and made-to-order manufacturers. ECI previously announced, on September 9, that it signed a definitive agreement to acquire Shoptech, subject to regulatory approvals and other standard closing conditions. Terms of the deal were not disclosed.

Shoptech’s products help manufacturers better manage the complexities of their manufacturing operations, including quoting, scheduling, purchasing, shipping, and accounting, allowing them to run their businesses more efficiently and profitably. Shoptech will join ECI’s Manufacturing Division, which serves small- and medium-sized discrete manufacturers and job shops worldwide.

“ECI and Shoptech have a shared mission: to help manufacturers run and grow their businesses more efficiently and profitably,” said Ron Books, CEO, ECI. “We are thrilled to welcome the Shoptech team to the ECI family officially

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Increased focus on Industrial Internet of Things could add billions to region’s economy

The internet, where people shop, play games and catch up with friends, is on its way to becoming an important place where businesses keep track remotely of all kinds of data that can be supplied by sensors on the ground, in the air and on manufacturing equipment.

What’s called the Industrial Internet of Things (IIoT) has the potential to significantly transform the way businesses in industries including health care, transportation, energy, agriculture and beyond operate.

Importantly for Northeast Ohio, IIoT is starting to be used to keep machines on manufacturing shop floors running smoothly, in some cases eliminating the need for an increasingly hard-to-find skilled worker to stand over the machine. Creating an internet-linked environment in manufacturing allows business owners and managers to monitor their production lines from the executive suite or even their home and to know about serious, immediate problems — and to better anticipate when equipment may

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Edge-to-Enterprise industrial software requires a solid IT foundation

A holistic approach to digital transformation

Achieving successful transformation is not a straightforward process. Unifying diverse data streams, including alarms, pressure management, maintenance schedules, work schedules, production data, financing data, revenue, expenses, inventory/silos information, supply chain, engineering information, and more takes time and expert knowledge of the operations. Without a tailored digital solution designed to extract relevant information in an organized manner, the sheer multitude of uncontextualized data becomes an obstacle, and it is difficult to organize teams and make agile decisions that maintain productivity even in fluctuating circumstances.

As part of our Edge-to-Enterprise strategy, Aveva delivers a comprehensive family of HMI and supervisory control (SCADA) software for our industrial customers. With a focus on agility, flexibility, and enabling your workforce, an Edge-to-Enterprise approach represents an infinite range of possibilities that can help you best manage your operations.

Each component of an Edge-to-Enterprise solution is an integral part of your

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Industrial Automation And Instrumentation Market In India Will Register an Incremental Growth of $2.58 Billion during 2020-2024

Technavio has been monitoring the industrial automation and instrumentation market in India, operating under the industrials segment. The latest report on the industrial automation and instrumentation market in India, 2020-2024 estimates it to register an incremental growth of USD 2.58 bn, at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201022005982/en/

Technavio has announced its latest market research report titled Industrial Automation and Instrumentation Market in India 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have

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The industrial 3D printing market is projected to grow USD 2.0 billion in 2020 to USD 5.3 billion by 2025, at a CAGR 20.9% between 2020 and 2025

Factors such as huge investments in 3D printing by start-ups companies, increased focus on high-volume production using 3D printing, high demand for 3D printing software to produce industry-grade parts, and ease in development of customized products, significant demand for online 3D printing are driving the growth of the industrial 3D printing market.

New York, Oct. 21, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Industrial 3D Printing Market by Offering, Application, Process, Technology, Industry And Geography – Global Forecast to 2025” – https://www.reportlinker.com/p03839376/?utm_source=GNW
However, the lack of standardization is restraining market growth.

Based on offering, services to be the fastest-growing segment between 2020 and 2025.
Based on offerings, the industrial 3D printing market has been segmented into printers, materials, software, and services.The demand for services is expected to grow rapidly as most manufacturers are prototyping or manufacturing parts on demand.

Most of the top players offering 3D

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