01—Abstract
Summary
Summary of the 8-K filed August 23, 2024. Cited figures are marked; the original filing is the authoritative source.
On August 21, 2024, Halliburton Company became aware that an unauthorized third party had gained access to certain of its systems.
Upon learning of the issue, the company activated its cybersecurity response plan and launched an internal investigation with the support of external advisors to assess and remediate the unauthorized activity. Its response included proactively taking certain systems offline to help protect them and notifying law enforcement. The company stated that its ongoing investigation and response include restoring its systems and assessing materiality.
It is communicating with customers and other stakeholders, is following its process-based safety standards for ongoing operations under the Halliburton Management System, and is working to identify any effects of the incident. The filing does not quantify any financial impact.
The filing's forward-looking statements flag risks including the ongoing assessment of the incident, legal, reputational and financial risks resulting from the incident or additional cybersecurity incidents, and the risks described in the company's 2023 Form 10-K and subsequent Forms 10-Q. Investors should watch for the outcome of the materiality assessment and any updates on operational or financial effects.
02—Key points
Key Highlights
- Halliburton became aware on August 21, 2024 that an unauthorized third party had gained access to certain of its systems.
- The company activated its cybersecurity response plan and launched an internal investigation supported by external advisors.
- Certain systems were proactively taken offline to help protect them, and law enforcement was notified.
- Ongoing work includes restoring systems and assessing whether the incident is material.
- The company is communicating with customers and other stakeholders and is working to identify any effects of the incident.
- Operations continue under the Halliburton Management System's process-based safety standards.
- The filing does not quantify any financial or operational impact from the incident.
03—Questions
Frequently Asked Questions
What happened?
On August 21, 2024, Halliburton became aware that an unauthorized third party gained access to certain of its systems. The company activated its cybersecurity response plan and began an investigation.
What actions has Halliburton taken in response?
The company launched an internal investigation with external advisors, proactively took certain systems offline to help protect them, and notified law enforcement. Restoration of systems is ongoing.
Has the company determined whether the incident is material?
Not as of this filing. The company states that its investigation and response include assessment of materiality.
Could the incident affect operations or finances?
The filing says the company is working to identify any effects of the incident and cites legal, reputational and financial risks resulting from the incident or additional cybersecurity incidents. It does not quantify any impact.
Is the company continuing normal operations?
The company states it is following its process-based safety standards for ongoing operations under the Halliburton Management System.
04—Continue