Newpark Resources Reports Ransomware Attack Disruption

Newpark Resources reports ransomware attack disrupting operations. The oilfield supplier disclosed a ransomware attack on October 29 that has limited access to its internal information systems, affecting various business applications. Despite these disruptions, the company stated that its manufacturing and field operations continue to function using established procedures. Newpark Resources, which reported quarterly revenues exceeding $44 million, does not anticipate a significant financial impact from the incident, although the costs are still undetermined. The oil and gas sector has been a frequent target of ransomware attacks, prompting calls for enhanced cybersecurity measures.