Yahoo Finance RE&S latest Singapore-listed company to be hit by spate of ransomware attacks
The cybersecurity incident is the third ransomware attack reported by a Singapore-listed company in less than two weeks.
Japanese multi-brand food and beverage operator RE&S Holdings 1g1 has become the latest Singapore-listed company to have fallen victim to a ransomware attack, with an unknown party gaining unauthorised accessed to its servers.
In an announcement on Jan 11, the company said it had initiated its data recovery processes after the attack impacted the data stored in its servers.
RE&S says it has activated its business continuity plan and that there has been no significant impact to its business operations arising from the incident thus far.
The company has reported the incident to the Personal Data Protection Commission, but notes that it has not observed any evidence on data exfiltration or the compromise of any personal sensitive information based on preliminary investigations with external experts.
RE&S says it takes information security seriously and will review the incident while continuing its efforts to fortify the company’s cybersecurity infrastructure.
The cybersecurity incident announced by RE&S is the third ransomware attack reported by a Singapore-listed company in less than two weeks.
On Jan 2, IPS Securex Holdings said it had encountered a ransomware incident and that its network had been made inaccessible. This was followed by an ES Group (Holdings) announcement on Jan 5 of a separate ransomware attack.
Further investigations into the attacks are ongoing.
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