Incident analysis
ips-securex.com was listed by Lockbit3 ransomware, a group with 578 victims recorded in this database. The listing appeared on the group's leak site on January 5, 2024.
ips-securex.com is based in Singapore and operates in the Technology sector. Singapore ranks #16 worldwide for ransomware disclosures, with 188 victims in this database.
Sector context. Technology companies hold intellectual property, customer data, and source code — all highly valuable assets. A successful ransomware attack can also put downstream customers at risk through supply chain exposure.
Lockbit3 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.