News and Updates on Information Technology

Ransomware attack on Swire Pacific Offshore HR data breach

Exploit: Ransomware

Swire Pacific Offshore: Maritime Services

cybersecurity news represented by agauge showing severe risk

Risk to Business: 2.712 = Moderate

Singapore-based shipping firm Swire Pacific Offshore has announced a data breach after it fell victim to a possible ransomware attack. The company’s press release stated that unauthorized access had resulted in the loss of some confidential proprietary commercial information and some personal data. The statement went on to note that appropriate authorities have been notified. Singapore has mandatory data breach notification laws that require organizations to report incidents like this to the government. The company also announced that it is working with data security experts to investigate the incident and implement stricter security measures.

Individual Impact: No consumer PII or financial data exposure was disclosed in this incident as of press time.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business Shipping has been beleaguered by cybercrime since the start of the global pandemic with maritime firms especially at risk. At least four major maritime services or shipping companies have been hit by ransomware in recent months.

Source: Maritime Executive