KUALA LUMPUR (Jan 6): Leading Software-as-a-Service (SaaS) provider Rexit Bhd (KL:REXIT) assured stakeholders on Monday that there have been no data leaks, and the company’s data security remains “fully intact” following the completion of an independent cybersecurity audit.
The audit, conducted by LE Global Services Sdn Bhd — a subsidiary of LGMS Bhd (KL:LGMS) — found no evidence of any data compromise, the company said in a statement to Bursa Malaysia.
“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,” Rexit said.
“Looking ahead, Rexit will continue to proactively address emerging threats to safeguard the trust our customers place in us,” it added.
Rexit said the audit which commenced in November 2024 is part of the group’s ongoing commitment to data security.
This comes after two of the company’s major shareholders — Datuk Seow Gim Shen and Kong Chien Hoi — were sentenced to jail in a Singaporean court for participating in a conspiracy to illegally obtain data of over 9,000 people.
The duo were sentenced to prison in October 2024 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, Rexit's largest shareholder, holds a 23.33% stake in the company, while Kong is a substantial shareholder with an 18% stake through his investment holding company, Metaco Asset Holdings Sdn Bhd.
A search with the Companies Commission of Malaysia revealed that Kong owns a 42.5% stake in Metaco.
According to Rexit’s website, the company specialises in delivering solutions and services to the general insurance and financial services industry. It offers several web-based insurance solutions which cater for the front-end marketing and sales functions, as well as the back-end operations and management requirements of insurance companies.
Shares of Rexit were down one sen or 1.25% to close at 79 sen on Monday, valuing the company at RM138.6 million.