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Yellen says ransomware attack on China's biggest bank minimally disrupted Treasury market trades

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BEIJING — U.S. Treasury Secretary Janet Yellen suggested Friday that a ransomware attack that forced China's biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market. She said U.S.

BEIJING — U.S. Treasury Secretary Janet Yellen suggested Friday that a ransomware attack that forced China's biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market.

The impacted Industrial and Commercial Bank of China Financial Services handles trades and other services for financial institutions. All Treasury trades executed Wednesday and repo financing trades on Thursday were cleared, it said. It said ICBC’s banking, email and other systems were not affected.

 

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Cybersecurity Attack Disrupts U.S. Treasury Market at China's Biggest BankBEIJING (AP) — The U.S. Treasury says it is aware of a cybersecurity attack at China's biggest bank that reportedly disrupted trading in the U.S. Treasury market and is in contact with financial regulators.
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