Halliburton computer hack unlikely to harm bottom line

Halliburton News

Halliburton computer hack unlikely to harm bottom line
Securities And Exchange CommissionThe CompanyTexas
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Halliburton said it incurred expenses related to the attack, though the incident was not expected to have a material impact on its financial condition.

Halliburton , the Texas -based oil field services giant, disclosed a few more details about the computer hack it suffered in late August. In a Sept. 3 filing with the Securities and Exchange Commission, Halliburton confirmed that some corporate information had been taken from its computer systems, though it did not go into detail about the nature or subject of the purloined data.

“The incident has caused disruptions and limitation of access to portions of the Company’s business applications supporting aspects of the Company’s operations and corporate functions,” the Houston-based company said in the filing. “The Company believes the unauthorized third party accessed and exfiltrated information from the Company’s systems. The Company is evaluating the nature and scope of the information, and what notifications are required.” The company, which has some operations in the San Antonio area, confirmed earlier reporting of the attack in an Aug. 21 SEC filing and said it had notified authorities of the breach. “When the Company learned of the issue, the Company activated its cybersecurity response plan and launched an investigation internally with the support of external advisors to assess and remediate the unauthorized activity,” it said. “The Company’s response efforts included proactively taking certain systems offline to help protect them and notifying law enforcement. The Company’s ongoing investigation and response include restoration of its systems and assessment of materiality.” A source of the breach has not been identified. While the company said it had incurred expenses related to the attack, it said in the most recent filing that the incident “has not had, and is not reasonably likely to have, a material impact on the Company’s financial condition or results of operations.”

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