Bangkok, 2 March 2020 – SEC has informed the Audit Committee and auditor of Star Petroleum Refining Public Company Limited (SPRC) to provide additional information related to the business email compromise.
SPRC
disclosed information via the Stock Exchange of Thailand Information System during
21-26 February 2020 regarding the business email compromise that occurred in
late 2019, which resulted in the payment of invoices to an incorrect account.
The loss in the email compromise affected significantly the company and the
overall shareholders.
SEC
is of the opinion that the supervision and management of information technology
systems as well as the security of the information system is an essential issue
in order to prevent the risks that may occur from cyber threats. Therefore, SEC
has informed to the Audit Committee and the auditor to explain the facts and
related actions regarding this issue. SEC requires the actions of the Audit Committee
to ensure that SPRC has measures to improve the consistency and
cybersecurity that is appropriate and sufficient to protect against possible
risks from cyber threats.
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