Aztech Global reports ‘cyber security incident’, says no material impact but launches probe.

Aztech Global, a technology solutions provider, disclosed on February 13 that it recently fell victim to a “cybersecurity incident” involving unauthorized access to its IT network and a subsequent ransomware attack by cybercriminals.

Aztech Global, a technology solutions provider, disclosed on February 13 that it recently fell victim to a “cybersecurity incident” involving unauthorized access to its IT network and a subsequent ransomware attack by cybercriminals. Despite the breach, the company assured stakeholders that, as of the available information, the incident has not caused any significant impact on Aztech Global’s financials or operations, as stated in a filing with the stock exchange.

Upon discovering the breach, Aztech Global promptly implemented measures, including the temporary shutdown of its servers during the Chinese New Year break. The company also utilized cybersecurity screening software to assess its servers, ensuring that no additional data was compromised. In response to the incident, Aztech Global enlisted third-party forensic advisers to investigate the matter and promptly informed relevant law enforcement authorities.

To bolster its cybersecurity defenses, Aztech Global is seeking guidance from industry experts. The company is committed to keeping shareholders informed of any substantial developments that may arise from the ongoing investigation. The full-year financial results for the period ending December 31 will be announced by the group on February 15.

Prior to the announcement of the cybersecurity incident, shares of Aztech Global on the mainboard had finished trading up by $0.005 or 0.6%, closing at $0.83. The company’s disclosure underscores the persistent and evolving threat landscape that organizations face, emphasizing the importance of ongoing vigilance and proactive measures to safeguard against cybersecurity risks.

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