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Beng Kuang Marine reports ‘cybersecurity incident’ after external vendor suffers ransomware attack

Jovi Ho
Jovi Ho • 2 min read
Beng Kuang Marine reports ‘cybersecurity incident’ after external vendor suffers ransomware attack
A spate of ransomware attacks have plagued Singapore Exchange-listed firms this year. Photo: Bloomberg
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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.”

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