REXIT Bhd, an ACE Market-listed software-as-a-service (SaaS) provider, has completed an independent cybersecurity audit to reaffirm the security of the company’s data against breaches.
The audit conducted by LE Global Services Sdn Bhd, a subsidiary of LGMS Bhd, has found no data leaks with “Rexit’s data security remains fully intact and has not been comprised in any way”.
“The independent cyber security audit underlines our unwavering commitment to data security and the positive outcome of this audit provides further reassurance to our customers and stakeholders that our systems and processes are robust,” revealed a company spokesman.
“Looking ahead, Rexit will continue to proactively address emerging threats to safeguard the trust our customers place in us.”
The audit which commenced in November 2024 was conducted as part of Rexit’s on-going commitment to data security. The findings validated the results of Rexit’s own internal audit which had found no breaches in its data security.
This came about after two of the company’s major shareholders, namely Datuk Seow Gim Shen and Kong Chien Hoi, were sentenced to jail by a Singaporean court for participating in a conspiracy to illegally obtain data of over 9,000 people.
The duo was sentenced to 14 weeks imprisonment each on Oct 24 last year after both pleaded guilty to conspiring with Chinese national Sun Jiao to illegally obtain the personal information of 9,369 individuals for use in illegal gambling operations.
Seow is Rexit’s largest shareholder with a 23.33% stake while Kong is a substantial shareholder with an 18% stake through his investment holding company, Metaco Asset Holdings Sdn Bhd (where he owns a 42.5% stake, according to a Companies Commission of Malaysia (CCM) search by The Edge).
At the end of today’s trading (Jan 7), Rexit which specialises in delivering solutions and services to the general insurance and financial services industry closed unchanged at 80 sen with 69,900 shares traded, this valuing the company at RM152 mil. – Jan 7, 2025
