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Joint Monetary Authority Of Singapore-Cyber Security Agency Of Singapore Media Release On Ransomware Attack On Toppan Next Tech

Date 07/04/2025

The Cyber Security Agency of Singapore (CSA) and the Monetary Authority of Singapore (MAS) are aware of a ransomware attack reported by Toppan Next Tech (TNT) to the Personal Data Protection Commission on the evening of 6 April 2025.

2 The attack has led to customer information from DBS Bank and Bank of China Limited, Singapore branch, being extracted by the threat actor. No customer log-in information has been compromised.

3 CSA is aiding TNT in their investigations and is advising them on containment measures. MAS is in close engagement with the affected banks on their risk mitigating measures and follow-up with customers.  The impacted banks have placed the relevant accounts on enhanced monitoring, and are contacting affected customers as a matter of priority. 

4 Ransomware threats are increasing in frequency and sophistication. CSA advises organisations to refer to CSA’s advisory for prevention and mitigation measures to deal with ransomware (link here  ).