According to Basil Read, there's been an incident involving a cyberattack on its IT systems

Basil Read Holdings, a JSE-listed construction company, says it has been the target of a targeted ransomware attack on its informationJSE-listed technology systems.

In a statement issued on Monday, the group stated that as soon as it became aware of the cyberattack, which occurred on December 15, it took all of its systems offline in order to control it.

"The company activated its business continuity plans to restore the IT operational environment while employing manual processing systems and continuing to function, albeit with some delays in some administrative functions," Basil Read said in a statement.

It went on to say that its operations were unaffected.

According to the group, external security experts and a forensic team have been brought in to advise and supplement the internal teams and capacity. While the incident is being investigated, Basil Read says the extent to which sensitive data has been compromised has yet to be determined.

Palesa Mofokeng works as an intern for Moneyweb.