Russian Hackers Disrupt US Treasury Markets by Attacking China's Largest Bank
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Hackers disrupted US Treasury markets by attacking ICBC, China's largest bank.
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The attack prevented ICBC from settling Treasury trades on behalf of other firms.
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ICBC had to get settlement data manually using messengers and USB drives.
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The ransomware attack was likely carried out by a Russian hacking group called Lockbit.
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Experts say it's highly unusual for such a large bank like ICBC to be disrupted so severely.