Hackers Target Texas Oilfield Supplier With Ransomware

Newpark Assets, a Texas-based oil drilling fluids system and composite matting programs supplier, introduced in a submitting with the Securities and Trade Fee (SEC) that it’s coping with the fallout of a ransomware attack it confronted earlier this week.

The corporate has not shared particulars as to how the attackers gained entry to its community, nor who the menace actors are or why they could have focused Newpark. However after the breach was found, Newpark engaged its safety response plan as anticipated and restricted entry to sure components of its programs.

“The incident has precipitated disruptions and limitation of entry to sure of the corporate’s info programs and enterprise purposes supporting features of the corporate’s operations and company features, together with monetary and working reporting programs,” Newpark said.

In line with Matt Hull, international head for Strategic Risk Intelligence at cybersecurity consultancy NCC Group, any knowledge stolen from the essential infrastructure firm has not but appeared on any leak websites.

And since the corporate reverted to downtime procedures in response to the assault, it was capable of proceed manufacturing, and its discipline operations have been uninterrupted. It hopes the assault is not going to impact its monetary situations, it mentioned.

“Organizations are dealing with an more and more urgent problem: sustaining the safety advantages of segmentation whereas enabling managed connectivity,” acknowledged Chris Grove, director of cybersecurity technique at Nozomi Networks, in an emailed assertion to Darkish Studying. “Industrial organizations might want to guarantee their defenders can shortly isolate and comprise threats, whereas stopping interruptions to essential operations. That is particularly necessary for sectors the place downtime has severe penalties by way of public security and financial affect, as can be the case with a critical infrastructure sector.”