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Ransomware attack on China’s biggest bank may have hit US Treasury market

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A US unit of the Industrial and Commercial Bank of China (ICBC) was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday.

A US unit of the Industrial and Commercial Bank of China was hit by a ransomware attack this week that disrupted some of its systems, reportedly hitting liquidity in US Treasuries which may have contributed to a brief market sell-off on Thursday.

’s head office in Beijing and other domestic and overseas units were not affected by this incident, nor was the

 

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