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Geopolitics adding to cyber risks; Singapore companies are attractive targets: cybersecurity practitioners

Yong Jun Yuan
Published Mon, Jan 22, 2024 · 05:00 AM

WITHIN the first two weeks of this year, three Singapore-listed companies announced that they had fallen victim to ransomware attacks.

Security solutions provider IPS Securex : 42N 0%, shipbuilder ES Group : 5RC 0% and restaurant operator RE&S : 1G1 0%all announced that their servers had been compromised.

They join a growing list of relatively small companies that are attractive targets for hackers.

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