Incident analysis
i2r Packaging Solutions Limited was listed by Majinahanashi ransomware, a group with 49 victims recorded in this database. The listing appeared on the group's leak site on October 24, 2026.
i2r Packaging Solutions Limited is based in Singapore and operates in the Manufacturing sector. Singapore ranks #16 worldwide for ransomware disclosures, with 193 victims in this database.
Sector context. Manufacturing companies are frequently targeted because production downtime directly translates to financial loss. Ransomware operators exploit this time-sensitivity to demand higher ransoms and faster payment.
Majinahanashi typically follows a double extortion model: data is exfiltrated from the victim's systems before files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished. The leak site, where this listing appeared, is the lever for the second demand.