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ValueMax reports malware attack on IT servers

Ashley Lo
Ashley Lo • 2 min read
ValueMax reports malware attack on IT servers
As at Oct 15, the group is not aware of any external leakage of data. Photo: Bloomberg
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ValueMax suffered a cybersecurity incident at an unspecified date after the group’s IT servers experienced a malware attack. 

According to an Oct 15 bourse filing, the group and other external consultants took “immediate and appropriate actions” to identify and contain the affected servers. 

The group adds that investigations are currently ongoing, and the ValueMax (SGX:T6I) is expected to conduct a “rigorous” review of the incident and its IT systems to “enhance and strengthen” its cybersecurity infrastructure. 

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