Hiap Seng Industries Limited (SG:1L2) has released an update.
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Hiap Seng Industries Limited has reported a ransomware attack on its servers with immediate containment actions undertaken to prevent significant disruption to their operations. The company has engaged third-party experts for forensic analysis and to enhance cybersecurity measures, whilst no material impact on business continuity is observed at present. Relevant authorities have been informed, and the company will keep its stakeholders updated on material developments.
For further insights into SG:1L2 stock, check out TipRanks’ Stock Analysis page.