China’s Industrial and Commercial Bank of China Financial Services, based in New York, revealed a ransomware attack on its systems, disrupting some services but assured no impact on banking, email, or other core systems. The attack prompted the company to disconnect affected parts, reporting the incident to law enforcement while ensuring the successful execution of Treasury and repo financing trades. The attack, attributed to the LockBit ransomware syndicate, known for its efficiency, targeted financial institutions but didn’t affect ICBC’s core operations. The company is actively investigating the incident.
Ransomware Attack Affects U.S. Treasury Trading Through ICBC Financial Services
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