Posted 11/10/2023, 3:21:00 PM
ICBC Hit by Ransomware Attack Disrupting US Treasury Trades
- ICBC Financial Services, part of China's largest bank, hit by ransomware attack
- Attack reportedly disrupted trading in U.S. Treasury market
- U.S. Treasury aware and monitoring situation
- ICBC disconnected affected systems to limit impact
- Company reported attack to law enforcement
- Treasury trades on Wed and repo financing trades on Thurs cleared
- ICBC's banking, email, other systems not affected
- Believed to be by LockBit ransomware group that avoids former Soviet countries