Aztech Global suffers ransomware attack on IT network, CIOSEA News, ETCIO SEA | #ransomware | #cybercrime

SGX Mainboard-listed Aztech Global Ltd and its subsidiaries (“the Group”) reported on February 13 that the Group recently experienced a cybersecurity incident where cyber criminals gained unauthorised access to its IT network and deployed a ransomware attack.

Upon discovering the incident, the Group took immediate action, including shutting down all its servers over the lunar new year break and using several latest cyber security screening software to continue to check the data in the Group’s servers to ensure no further data is affected or compromised.

The Group has appointed third-party forensic advisors to help investigate the incident and have notified the appropriate law enforcement authority. The Group is also seeking advice from industry experts to further strengthen its overall cybersecurity.

Based on the information available to date, the cybersecurity incident does not have any material impact to the Group’s financials or its operations.

The cybersecurity incident announced by Aztech Global is the latest in a spate of ransomware attacks reported by Singapore-listed companies since the start of the year.

In January, IPS Securex Holdings, ES Group (Holdings) and RE&S Holdings made separate announcements of ransomware attacks on their servers.

Aztech Global Ltd will keep shareholders updated of any material development. Investigations into the cybersecurity breaches are ongoing.

  • Published On Feb 15, 2024 at 05:30 AM IST

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National Cyber Security