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ES Group, IPS Securex hit by separate ransomware attacks

The Edge Singapore
The Edge Singapore • 2 min read
ES Group, IPS Securex hit by separate ransomware attacks
IPS Securex reported the attack on Jan 2 and ES Group on Jan 5
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Offshore and marine firm ES Group (Holdings) was hit by a ransomware attack, compromising encrypted information.

In its announcement on Jan 5, the company says the incident impacted the "majority" of its data in its servers but that citing "ongoing investigations" the "threat has been contained".

Thus far, there has been no significant impact on its business and operations arising from the incident, and its business and operations continue to be operational as usual, says ES Group.

The company adds that it has activated its business continuity plan and has taken actions such as disconnecting its systems from the network, engaging external help to assist with the investigations, as well as containment, remedial and data recovery efforts.

It has also lodged reports to the police, the Personal Data Protection Commission and the Singapore Cyber Emergency Response Team.

Further investigations are ongoing.

See also: MAS to strengthen financial services' cyber resilience with Mastercard MOU

The cyber incident announced by ES Group is the second ransomware attack reported a Singapore-listed company in less than a week.

Earlier, on Jan 2, IPS Securex Holdings said it encountered a ransomware incident and that its network was made inaccessible.

The company, which provides security systems and services, has initiated recovery operations. Based on its initial probes, IPS Securex has yet to see any evidence of data exfiltration from the attack.

See also: Aztech Global reports ransomware attack on IT network

In its Jan 5 response to specific queries from the Singapore Exchange S68 -

, IPS Securex says that the incident occurred on Dec 26 2023.

It maintains that for now, there is no "material impact" on its operations and financials from the attack.

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