Friday, November 10, 2023

Ransomware attack against ICBC disrupts U.S. Treasury market

"The U.S. arm of the Industrial & Commercial Bank of China
was hit by a ransomware attack,
reportedly causing disruptions to the
U.S. Treasury market.
ICBC the world’s largest bank by assets announced that U.S.-based ICBC Financial Services “experienced a ransomware attack that resulted in disruption” to certain internal system. The bank said the impacted systems were immediately disconnected and isolated, and law enforcement was notified." FT

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