Halliburton Confirms that Hackers Stolen Information in Cyber Assault

Halliburton Firm has confirmed {that a} cyber assault led to unauthorized entry and information theft from its programs.

The incident, which got here to mild on August 21, 2024, has prompted the corporate to provoke a complete cybersecurity response plan.

Instant Response and Investigation

Upon discovering the breach, Halliburton swiftly activated its cybersecurity protocols. The corporate launched an inner investigation, supported by exterior advisors, to evaluate and mitigate the unauthorized exercise.

As a part of its response, Halliburton proactively shut down sure programs to safeguard them and notified regulation enforcement authorities.

America Securities and Alternate Fee investigation goals to revive affected programs and consider the extent of the info compromised.

The corporate additionally communicates with its prospects and stakeholders, guaranteeing transparency concerning the incident.

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Halliburton is adhering to its process-based security requirements below the Halliburton Administration System to handle ongoing operations successfully whereas assessing the breach’s affect.

The cyber assault has resulted in disruptions, limiting entry to a few of Halliburton’s enterprise purposes that assist its operations and company features.

The corporate has acknowledged that the unauthorized third occasion accessed and exfiltrated info from its programs.

Efforts are underway to guage the character and scope of the compromised information and decide vital notifications.

Regardless of the challenges, Halliburton continues to ship its services and products globally. The corporate has incurred bills associated to its response to the incident and anticipates additional prices because it continues its remediation efforts.

Nevertheless, Halliburton believes the breach is unlikely to have a fabric affect on its monetary situation or operational outcomes.

Dangers and Ahead-Wanting Statements

Halliburton stays vigilant concerning the potential dangers related to the cyber assault. These embrace the adequacy of its processes in the course of the disruption, diversion of administration’s consideration, potential litigation, adjustments in buyer conduct, and elevated regulatory scrutiny.

The corporate can also be conscious of this or future cybersecurity incidents’ authorized, reputational, and monetary dangers.

In its Present Report on Type 8-Ok, Halliburton included forward-looking statements relating to the anticipated affect of the incident.

The corporate emphasised that outcomes may differ attributable to ongoing assessments, authorized challenges, and different components outlined in its Annual and Quarterly Stories.

Halliburton has expressly disclaimed any obligation to replace these statements except required by regulation.

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