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SEC settles with ICBC unit over ransomware attack, imposes no fine

Summary by WTVB

(Reuters) – The U.S. Securities and Exchange Commission has settled record keeping charges against an Industrial and Commercial Bank of China unit concerning a November 2023 ransomware attack, but decided not to impose a civil fine. Monday’s accord resolves accusations that for nearly four months after the attack, New York-based ICBC Financial Services failed to keep its books and records current, or send written notifications for securities…

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bankingdive.com

SEC settles ransomware case against ICBC unit

The agency opted not to impose a fine on the U.S. unit of China's largest bank, which had difficulty updating system books and records after a 2023 cyberattack.

SEC settles with ICBC unit over ransomware attack, imposes no fine

3 months ago

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IT PRO

US energy contractor ENGlobal reveals ransomware attack

The federal supplier said access to its IT systems was limited as it works to recover

3 months ago

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iTnews

SEC settles with ICBC unit over ransomware attack

Imposes no fine.

3 months ago

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Tech Monitor

US SEC resolves ransomware-related charges with ICBC

The SEC struck a deal with the US subsidiary of the ICBC over record-keeping charges stemming from a ransomware attack last year.

3 months ago

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Regulation Asia

SEC Settles ICBC Recordkeeping Charges from 2023 Cyber Incident

ICBC failed to keep its books and records current for almost four months following the November 2023 ransomware attack. No penalty was imposed. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulatio…

3 months ago

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