News Formal

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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 85%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

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:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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.
Source: SooToday - 🏆 8. / 85 Read more »