Halliburton reports cyberattack already cost it $35 million

In Data Breach News, News
November 11, 2024
Halliburton reports cyberattack already cost it $35 million

The suspected ransomware attack Halliburton experienced in August had already cost it $35 million by the end of September, the oilfield service giant disclosed. Security Week reports:

The incident came to light on August 22, when Halliburton, one of the world’s largest oilfield service providers, confirmed unauthorized access to some of its systems. 

The company immediately launched an investigation and shut down some systems to contain the incident.

By the end of August, reports emerged that — based on indicators of compromise — the ransomware group known as RansomHub was likely behind the Halliburton attack.

Halliburton has yet to confirm that the incident was a ransomware attack, but its brief description suggests that it was. The company has confirmed that hackers accessed and exfiltrated information from its corporate systems.

Read more at Security Week.