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Halliburton Reports $35 Million Loss from Cyberattack

/ 1 min read

Halliburton reports $35 million loss from August cyberattack. The oil services giant experienced a significant systems breach that disrupted operations and led to data exfiltration, attributed to an attempted ransomware attack by the group RansomHub. While the exact nature of the lost data remains unclear, Halliburton’s CEO noted a $0.02 per share impact on adjusted earnings due to the incident, although he emphasized that the overall financial outlook for the company remains stable. The breach highlights ongoing vulnerabilities in cybersecurity practices across various industries.