Singapore OSV player Vallianz hit by cyber attack – Splash247

Singapore OSV owner and operator Vallianz has been hit by a cyberattack that has allowed an unknown party unauthorised access to the company’s servers.

Upon discovering the ransomware incident, the firm – and its parent company Rawabi Holding Company Limited – took immediate action to identify, contain, and address the incident with the help of external experts and activated its business continuity plan.

The incident was also reported to the relevant authorities. Based on a preliminary assessment and information available to the company, ‘there has been no significant impact to its business operations arising from the incident’.

Vallianz is still assessing the situation and investigations are ongoing. The company will provide further updates if any new material developments occur.

In the meantime, the Singapore firm has advised shareholders to exercise caution when dealing in their shares in the company which may be prejudicial to their interests.

Another Singaporean company that had a similar incident a few days prior was foodstuffs and consumer goods maker PSC Corp. It said that ‘the impact on the group’s operations was minimal’.