Months after the cybersecurity incident, the oil big Halliburton shared particulars in regards to the monetary losses. In response to the most recent replace, the cyberattack that focused Halliburton earlier this 12 months price the agency $35 million.
Halliburton Shared An Replace About The Damages Incurred Throughout The Final Cyberattack
The US-based oil service agency Halliburton just lately revealed extra particulars in regards to the monetary impression of the final cybersecurity incident.
These particulars surfaced on-line by way of a latest press release the place Halliburton shared particulars in regards to the third quarter of 2024 earnings. As revealed, the agency needed to bear losses value $35 million within the final cyberattack.
In August 2024, Halliburton suffered an enormous cyberattack that affected its traditional operations. Whereas the agency initially remained tight-lipped, it will definitely admitted the cybersecurity incident by way of an SEC submitting.
The precise nature of the cyberattack remained unclear earlier. Halliburton additionally didn’t launch any official assertion on this regard. Nonetheless, the incident was confirmed as a ransomware assault when Halliburton knowledgeable its suppliers in regards to the matter, mentioning the RansomHub encryptor among the many IOCs.
Regardless of this replace, no additional info surfaced on-line about whether or not the agency managed to take away the ransomware an infection. It additionally remained unclear how a lot ransom the attackers had demanded and whether or not the agency selected to pay it.
Nonetheless, the latest Q32024 Earnings Report means that the assault had a considerable monetary impression on Halliburton. In response to the assertion from Jeff Miller, Chairman, President, and CEO of Halliburton,
We skilled a $0.02 per share impression to our adjusted earnings from misplaced or delayed income as a result of August cybersecurity occasion and storms within the Gulf of Mexico. Our full 12 months expectations free of charge money stream and money return to shareholders stay unchanged, and we anticipate each to speed up within the fourth quarter.
These losses totaled $35 million in September 2024. The agency additionally talked about a $116 million pre-tax cost in lieu of the safety incident.
Through the three months ended September 30, 2024, Halliburton acknowledged a pre-tax cost of $116 million because of severance prices, an impairment of belongings held on the market, bills associated to a cybersecurity incident, a achieve on a good worth adjustment of an fairness funding, and different objects.
But, the agency is optimistic about witnessing betterment within the Q42024 earnings.
For now, no info is offered concerning the impression of this cyberattack on Halliburton’s knowledge, and the attackers haven’t selected an information dump but.
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