China's biggest lender ICBC hit by ransomware attack

US arm of China mega-lender ICBC hit by ransomware attack

The US arm of China's largest bank ICBC said it was hit by a ransomware attack, forcing clients to reroute trades.

The U.S. financial services division of Chinese bank ICBC was hit Friday by a ransomware cyberattack that allegedly disrupted transactions in U.S. Treasury securities, CNBC reports.

US arm of China mega-lender ICBC hit by ransomware attack

The US arm of China's Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack, leading to disruptions in certain financial services systems. ICBC FS disconnected and isolated the impacted systems to contain the incident and is currently investigating the attack. Despite the attack, US Treasury Secretary Janet Yellen stated that there has been no impact on the Treasury market. The attack was reportedly executed using softwa…

Chinese bank ICBC hit by ransomware attack

CNN reporter Matt Egan explains how a ransomware attack on China's biggest bank may have impacted the market for U.S. Treasuries.

China's Biggest Lender ICBC Confirms Ransomware Attack, Disrupts Trades In US Treasury market - Industrial And Comml Bank (OTC:IDCBF), Industrial And Comml Bank (OTC:IDCBY)

The U.S. financial services division of the Industrial and Commercial Bank of China (ICBC) faced a cyberattack, impacting Treasury trades and prompting an investigation, and ICBC isolated affected systems to contain the disruption. The Industrial and Commercial Bank of China is the world's largest lender by assets. ICBC cleared U.S. Treasury trades executed on Wednesday and repo financing trades on Thursday, reassuring stakeholders.  However, co…

Hackerangriff auf ICBC: »Lockbit« soll US-Tochter von Chinas größter Bank attackiert haben

Hacker haben Schadsoftware in eine Tochterfirma der chinesischen Bank ICBC geschleust. Die Störungen beeinträchtigen auch den Handel mit amerikanischen Anleihen. Hinter dem Angriff steckt offenbar eine prominente Hackergruppe.