Penanshin hit by Alphv ransomware

Summary:

In 2023, Penanshin a Singapore-based shipping company was targeted by Alphv group in a ransomware attack. The Alphv group, also known as BlackCat, is believed to originate from Russia and is known for its sophisticated ransomware-as-a-service (RaaS) operations. The attack disrupted the company’s operations, highlighting the ongoing threat that ransomware poses to logistics providers and the shipping industry. As a shipping company, Penanshin plays a critical role in maritime logistics and supply chain management in Singapore and beyond, making it a valuable target for ransomware groups.

Reference URL

https://static1.squarespace.com/static/5fae4682cc2b52123f436f99/t/6614e6a60fbde93c9dfdc4e3/1712645824622/Norma+Cyber+Annual+Threat+Assessment+-+Spreads.pdf