Oil drilling and fracking giant Halliburton announced it had shut down certain internal systems after a cyber-attack earlier in the week.
Discovery of scoping of the system’s unauthorized entry.
However, on short notice and in compliance with the stringent reporting requirement imposed on firms by the SEC. Halliburton said that it became conscious of the compromise of its systems on Wednesday. This prompted the statement that the company ‘’proactively took certain systems offline.’’ Under the circumstances, Halliburton is in the process of analyzing its response to the whole incident.
Halliburton Global Operations of Halliburton and Past Occurrences.
Halliburton has a total headcount of approximately 48,000 personnel, making it considered one of the largest energy corporations globally. Its operations extend to several nations. Halliburton earned infamy for its role in the 2010 Deepwater Horizon oil rig explosion in the Gulf of Mexico, which spilt a significant amount of oil. Settled out of court with the U.S. Government for $1.1 billion concerning the incident.
Halliburton Effects on Energy Services and Government Response.
The U.S. Department of Energy (DOE) has indicated no proof that the cyber assault has interfered with the functioning of strength services. According to Jeremy Ortiz, the DOE spokesman, the branch partners with various government companies and closely monitors the traits.
Generic Answers Regarding Security Breaches.
It is not unusual for companies to cut off all controls after a cyber attack to limit access by unauthorized personnel. This prevents intruders from gaining a foothold in the penetrated systems and expanding their operations. Step-lowering several companies, including health behemoth Change Healthcare and vehicle software developer CDK, handled specific actions in return for the ransom somewhat earlier that year.
Attention to Halliburton response and some possible security threats.
Victoria Ingalls, a representative of, declined to elaborate on the company’s filing. When Tech Crunch asked Times New Roman what kind of breach had been suffered or whether Ingalls explained that there was no word from the perpetrators of the breach. Anything else that was not such would be posted in Peculiar, an 8K Douglas 1 s D.
Supervision of Halliburton Cyber Security.
Halliburton also did not divulge the nix member who, if at all, would supervise the firm’s cyber security issues.
Financial Performance and Executive Compensation
In the most current income record, Halliburton had sales of $23 billion in 2023, representing a boom of thirteen% in comparison to 2022. According to the organization’s filings, Halliburton’s Chief Executive Officer, Jeff Miller, paid $19 as a complete remuneration bundle in 2023.
