2024-11-07 NEWPARK RESOURCES INC Cybersecurity Incident

Page last updated on November 13, 2024

NEWPARK RESOURCES INC initially disclosed a cybersecurity incident in an SEC 8-K filing on 2024-11-07 16:28:58 EST.

Company Summary

Newpark Resources, Inc. is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date: 2024-10-29
Disclosure Date: 2024-11-07
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2024-11-07

NEWPARK RESOURCES INC filed an 8-K at 2024-11-07 16:28:58 EST
Accession Number: 0000071829-24-000111

Item 8.01 Other Events.

On October 29, 2024, the Company detected a ransomware cybersecurity incident (“Incident”) in which an unauthorized third party gained access to certain of the Company’s internal information systems. Upon detection, the Company activated its cybersecurity response plan and launched an investigation internally with the support of external advisors to assess and to contain the threat.

The incident has caused disruptions and limitation of access to certain of the Company’s information systems and business applications supporting aspects of the Company’s operations and corporate functions, including financial and operating reporting systems. However, the Company’s manufacturing and field operations have continued in all material respects utilizing established downtime procedures.

The full scope of the costs and related impacts of the Incident, including any future impact on our financial condition and results of operations, has not yet been determined. Based on the Company’s current knowledge of the facts and circumstances related to this incident, the Company believes that this incident is not reasonably likely to materially impact the Company’s financial conditions or results of operations. Should any of the relevant facts and circumstances substantively change, the Company will make any required disclosures.

Company Information