Beng Kuang Marine suffered a cybersecurity incident at an unspecified date after an external IT service provider was the target of a ransomware attack.
In an Aug 19 bourse filing, the Mainboard-listed infrastructure engineering and corrosion prevention services company says certain data the group keeps on the provider’s servers were affected. “The affected data primarily consists of back-end working files.”
The IT service provider detected a security breach in their server systems at an unspecified date and “immediately responded” by disabling the network connection. “Preliminary investigations indicate that the incident involves data encryption at the external level and a ransom demand. While there has been a technical breach in the server, there is no indication of a data breach.”
Beng Kuang Marine says there is an “additional layer of security” protecting the group’s data, and it is “highly unlikely” that any data has been stolen. “At this stage, there is no evidence to suggest that any data has been compromised or exposed.”
The incident had a “marginal impact” on Beng Kuang Marine BEZ ’s business operations, as the group has been able to rely on backup data. “The group’s approach of using diverse systems partnering with multiple IT vendors has effectively minimised risks and ensured operation resilience.”
The company will provide further updates should there be any other material developments.
See also: Beng Kuang Marine transforms to build resilience
A spate of ransomware attacks have plagued Singapore Exchange S68 -listed firms this year. In July, Soon Lian Holdings 5MD and Hiap Seng Industries reported similar incidents. YKGI YK9 , Jumbo Group 42R , Aztech Global 8AZ , IPS Securex Holdings, ES Group (Holdings) and RE&S Holdings 1G1 all reported ransomware attacks earlier this year.
Shares in Beng Kuang Marine closed 0.5 cents lower, or 2.13% down, at 23 cents on Aug 19.
