Following a ransomware assault on their data vendor Toppan Next Tech (TNT), certain client data from Singapore’s DBS Group (DBSM.SI), opens new tab, and Bank of China’s (601988.SS), opens new tab branch in the nation may have been compromised.
DBS announced on Monday that while the customer statements of about 8,200 customers were in danger, their systems were unharmed and the money and deposits of their customers were secure.
Approximately 3,000 clients whose paper letters were produced and sent by Toppan have been impacted, according to information released by Bank of China. Names, residences, and, in certain situations, loan account numbers of customers were among the information made public.
On April 5, DBS received notification of the ransomware assault. According to initial investigations, the majority of the compromised data relates to DBS Vickers accounts, the company’s trading platform, while the remainder mostly concerns cashline loan accounts.
Customers’ first and last names, postal addresses, and information on stocks owned under DBS Vickers and cashline loans are among the data at danger.
Additionally, the bank stated that between December 2024 and February 2025, the majority of the possibly compromised letters and statements were issued to individual consumers.
Separately, the Cyber Security Agency of Singapore (CSA) stated that it was supporting TNT in the investigations, while the Monetary Authority of Singapore (MAS) stated that it was in “close engagement” with the impacted banks over their risk-mitigating procedures and consumer follow-up.
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