Singapore’s Vallianz Faces Cyberattack

Singapore-based offshore support vessel (OSV) owner and operator Vallianz recently fell victim to a cyberattack, resulting in unauthorized access to the company’s servers.

Upon detecting the ransomware incident, Vallianz, along with its parent company Rawabi Holding Company Limited, promptly engaged external experts to contain and address the breach, activating its business continuity plan in response.

The incident has been reported to the relevant authorities, and while investigations are ongoing, preliminary assessments indicate that the attack has not significantly impacted Vallianz’s business operations.

Vallianz continues to assess the situation and will provide updates on any new developments as they arise. In the meantime, the company has advised shareholders to exercise caution in their dealings with Vallianz shares to safeguard their interests.

Minimal Impact on Operations

Preceding Vallianz’s cyberattack, another Singaporean company, PSC Corp, experienced a similar incident. However, PSC Corp stated that the impact on its operations was minimal, reflecting the company’s ability to swiftly mitigate the effects of the cyber breach.