BRIEF-Far East Orchard's Unit Received Letter Before Action From Existing Client Of Unit

Reuters
Yesterday
BRIEF-<a href="https://laohu8.com/S/FEPTY">Far East</a> Orchard's Unit Received Letter Before Action From Existing Client Of Unit

Feb 27 (Reuters) - Far East Orchard Ltd FARE.SI:

  • UNIT RECEIVED LETTER BEFORE ACTION DATED 13 FEBRUARY FROM AN EXISTING CLIENT OF UNIT

  • LETTER BEFORE ACTION STATES CLIENT HAD BEEN SUBJECT OF A CYBER-FRAUD INCIDENT

  • NO FORMAL ACTION HAS BEEN FILED BY CLIENT AGAINST UNIT TO DATE

  • GROUP'S IT SYSTEMS, OTHERS INDEPENDENT FROM THOSE OF CLIENT, NOT BEEN IMPACTED BY CYBER-FRAUD INCIDENT SUFFERED BY CLIENT

  • LETTER BEFORE ACTION STATES UNIT SHOULD MAKE PAYMENT OF GBP4.74 MILLION TO CLIENT IN CONNECTION WITH INCIDENT

Further company coverage: FARE.SI

((Reuters.Briefs@thomsonreuters.com;))

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