ICBC's US Arm Hit by Ransomware Attack, Disrupting Treasury Transactions
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ICBC's US arm experienced a ransomware attack that disrupted its internal systems.
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The attack caused disruptions to the US Treasury market, with some transactions failing to clear.
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The cybercrime group Lockbit is suspected to be behind the attack.
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ICBC said its head office and other branches were not impacted.
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Ransomware attacks have surged recently, causing real-world disruptions across sectors.