Credit - Hulliburton
Halliburton was founded in 1919 and headquartered in Houston, Texas and UAE. Halliburton is a global provider of products and services to the energy industry, offering a whole line of services and products related to the exploration, development, and production of oil and gas from reservoirs. Some 48,000 employees in 70 countries recorded revenues that topped $23 billion.
The costs associated with the recent cybersecurity incident that US oil giant Halliburton experienced reached $35 million at the end of September, according to the latest financial report from the company.
The incident came into the open on August 22, when Halliburton-considered one of the largest oilfield service providers in the world confirmed unauthorized access had occurred to some of its systems.
The company immediately started its investigation and closed some of its systems as part of containing the incident.
By the end of August and with indicators of compromise available, the ransomware group RansomHub was believed to be responsible for the Halliburton attack.
Halliburton did not confirm the incident as a ransomware attack, but its brief description certainly sounds so. The company has confirmed that hackers did access and exfiltrate information from its corporate systems.
Neither RansomHub nor any other ransomware group has claimed responsibility for the Halliburton attack, which would suggest that if it was a ransomware attack indeed, the company must have paid a ransom.
The financial report for the third quarter of 2024 reveals that the costs resulting from the attack came to $35 million.
