Yahoo Finance Aztech Global reports ransomware attack on IT network
The cybersecurity incident is the latest in a spate of ransomware attacks reported by Singapore-listed companies in 2024.
SGX Mainboard-listed Aztech Global 8AZ has fallen victim to a ransomware attack, with an unknown party gaining unauthorised access to its IT network.
In an announcement on Feb 13, the company said upon discovering the breach it took immediate action by shutting down all its servers over the lunar new year break and using cyber security screening software to continue to ensure no further data is affected or compromised.
Although the incident has not affected operations nor had any material financial impact, Aztech says has notified the appropriate law enforcement authority and that it is looking at appointing third-party forensic advisors to help investigate the incident.
The company is also seeking advice from industry experts to further strengthen its overall cybersecurity.
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.
Investigations into the cybersecurity breaches are ongoing.
See Also:
Click here to stay updated with the Latest Business & Investment News in Singapore
The app divide: Generational distinction in convenience, personalisation, and security
More than US$1 bil of crypto stolen through ransomware attacks in 2023: Chainalysis report
Here’s what tech leaders hope to see in the Singapore Budget 2024 (Part 2)
Get in-depth insights from our expert contributors, and dive into financial and economic trends
