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Stock impact report

Singapore says China-backed hackers targeted its four largest phone companies [TechCrunch]

SINGAPORE TELECOM S/ADR (SGAPY) 
Company Research Source: TechCrunch
In a statement Monday , Singapore confirmed for the first time that the hackers, known as UNC3886, targeted the country's telecoms infrastructure, including its largest companies: Singtel, StarHub, M1, and Simba Telecom. The government previously said that it was responding to an unspecified attack on its critical infrastructure. While the intruders were able to breach and access some systems, they did not disrupt services or access personal information, said K. Shanmugam, the country's coordinating minister for national security. Google-owned cybersecurity unit Mandiant previously linked UNC3886 as an espionage group likely working on behalf of China. The Chinese government is known to conduct regular cyber-espionage operations, as well as prepositioning for disruptive attacks ahead of an anticipated invasion of Taiwan, which Beijing has routinely denied, per Reuters UNC3886 is known for exploiting zero-day vulnerabilities in routers, firewalls, and virtualized environments, w Show less Read more
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