Cyberattack disrupts Halliburton operations

August 25, 2024
1 min read

TLDR:

– US oil giant Halliburton faced a cyberattack affecting its operations in Texas, suspected to be ransomware.

– The incident disrupted internal networks and forced the company to isolate affected systems.

Halliburton Disrupted By Cyberattack

Halliburton, the second-largest energy services firm in the US, was hit by a cyber incident, suspected to be a ransomware attack. The attack disrupted operations, particularly at its Houston campus and other global locations. The company, with over 48,000 employees and an annual revenue of $23 billion, provides services in managing oil and gas extraction. The attack, detected on August 21, forced Halliburton to isolate affected systems and halt employee access to internal networks.

Operational Impact and Response

While Halliburton has not disclosed specific details about the attack, it is suspected to be a ransomware incident. The company activated response protocols and is working with cybersecurity experts to assess the breach extent and restore systems. The US Department of Energy confirmed that the incident did not impact energy services. The situation mirrors other cyber attacks on critical infrastructure, highlighting vulnerabilities in the energy sector.

Potential Consequences

The long-term implications of the security incident on Halliburton and the energy industry remain uncertain. The company has not provided a recovery timeline, and the operational and financial impacts are being assessed. Halliburton, as a publicly traded company, is required to disclose significant cybersecurity incidents to comply with SEC regulations. More details are expected to emerge in the coming days.

Takeaways

The attack underscores the need for robust cybersecurity measures to protect critical infrastructure. Similar attacks, like the 2021 Colonial Pipeline incident, resulted in severe consequences. The growing frequency and sophistication of cyber threats targeting critical infrastructure pose significant risks to economic stability and national security.

Latest from Blog

EU push for unified incident report rules

TLDR: The Federation of European Risk Management Associations (FERMA) is urging the EU to harmonize cyber incident reporting requirements ahead of new legislation. Upcoming legislation such as the NIS2 Directive, DORA, and