The company assures customers that core operations remain unaffected after the incident.
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On Wednesday, Raymond Ltd, a prominent player in the real estate sector, disclosed a cyber security incident that has impacted some of its IT assets. The company, known for its rich history in fabric manufacturing since 1925, has assured stakeholders that its core systems and operations remain intact.
Details of the incident
In a regulatory filing, Raymond Ltd stated, “A cyber security incident has occurred at the company and it has impacted some of the IT assets which have been isolated.” This proactive communication highlights the company’s commitment to transparency during a challenging situation.
Importantly, the company emphasized that none of its customer operations or store activities have been disrupted, reassuring clients that services continue to run smoothly.
Response and mitigation efforts
Raymond Ltd has mobilized its technical team alongside a specialized group of cybersecurity experts to address the incident swiftly. The management has initiated necessary precautions and protocols to mitigate any potential impact. The filing further noted, “The company is investigating the matter and appropriate containment and remediation actions are being taken in a controlled manner to address the incident.” This response reflects the company’s dedication to maintaining security and operational integrity.
Company background and future outlook
Founded in 1925, Raymond Group has evolved from a leader in fabric manufacturing to a diversified entity with interests in engineering and real estate. Following a strategic demerger in 2024, Raymond Ltd now focuses on its core businesses, positioning itself for future growth. The company’s resilience in the face of cyber threats is crucial as it navigates the complexities of modern business operations.
As the investigation continues, stakeholders are encouraged to stay informed about the developments. Raymond Ltd’s proactive approach to handling this cyber security incident underscores its commitment to safeguarding its assets and ensuring uninterrupted service to its customers.
