US Treasury Dept aware of cybersecurity issue at ICBC affecting Treasury market -spokesperson

📆 09/11/2023 20:40:00
📰 ChannelNewsAsia

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WASHINGTON : The U.S. Treasury Department is aware of a cybersecurity issue at Industrial and Commercial Bank of China that has affected the Treasury market, and is in regular contact with key financial sector participants and regulators, a spokesperson said on Thursday.

The logo of Industrial and Commercial Bank of China is seen at its branch at its headquarters in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo

The Treasury issued the statement following a Financial Times report that a ransomware attack at ICBC had"disrupted" the US Treasury market by preventing the bank from settling Treasury trades on behalf of other market participants. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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