US EditionChina's biggest lender ICBC hit by ransomware attack
- ICBC, the world's largest lender by assets, experienced a ransomware attack that disrupted certain systems. The bank responded by isolating the impacted systems and conducting a thorough investigation with the support of information security experts.
- Market participants reported that trades going through ICBC were not settled due to the attack, potentially affecting market liquidity and the outcome of a bond auction. This incident raises questions about market participants' cybersecurity controls and may draw regulatory scrutiny.
- The cybercrime group Lockbit is believed to be responsible for the attack, although they have not mentioned ICBC as a victim on their dark web site. Ransomware attacks have increased in recent years, and U.S. Authorities are working on curtailing the funding routes of such gangs.
95 Articles
95 Articles
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…
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.
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