News Formal

U.S. Arm of Industrial & Commercial Bank of China Hit by Ransomware Attack, Causing Disruptions to U.S. Treasury Market

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 97%

Cybersecurity News

Industrial & Commercial Bank Of China,ICBC,Ransomware Attack

The U.S. arm of the Industrial and Commercial Bank of China was hit by a ransomware attack, reportedly causing disruptions to the 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.

“We successfully cleared US Treasury trades executed Wednesday and Repo financing trades done on Thursday ,” ICBC said. The Securities Industry and Financial Markets Association alerted its members of the cyberattack on Wednesday, the Financial Times reported. A Treasury Department spokesperson told the FT it was aware of the incident and is monitoring the situation.The cybercrime gang Lockbit is suspected in the attack, according to Bloomberg and Reuters. The same gang is suspected of cyberattacks against Boeing Co. BA, +0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Commercial Property REIT in All-Share Merger Talks With Picton PropertyBy Ian Walker UK Commercial Property REIT said Wednesday that it is in all-share merger talks with Picton Property Income, while cautioning that there is no...
Source: MarketWatch - 🏆 3. / 97 Read more »