Labuan Financial Services Authority Responds Swiftly to Cybersecurity Breach

Labuan Financial Services Authority (FSA) recently encountered a cybersecurity breach that impacted its online systems. In an official statement released on Thursday (May 18), Labuan FSA assured the public that immediate action was taken to secure the systems and prevent unauthorized access. The relevant authorities have also been notified about the incident.

Labuan FSA has engaged the services of renowned international cybersecurity experts, Mandiant, who are working tirelessly with their own ICT team and application vendors to conduct a comprehensive investigation into the security breach.

“While we work to ascertain the full impact of the incident on our systems, Labuan FSA has taken the precautionary measure of temporarily taking certain operational systems offline to minimize exposure to further risks. We remain committed to supporting our customers with minimal disruptions,” stated Labuan FSA.

The resolution of the incident will require time and effort, and Labuan FSA apologized for any inconvenience caused to their services. They are actively working towards resolving the issue and ensuring the safety and integrity of their systems.

Labuan FSA will provide additional details as they become available. The authority remains dedicated to transparency and maintaining the highest level of security for their customers and stakeholders.

18 May 2023

Author: Terry KS

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