#EquitiesClearing

World’s largest commercial bank ICBC confirms ransomware attack

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November 10, 2023 at 10:32AM The Industrial & Commercial Bank of China (ICBC) has confirmed that it experienced a ransomware attack on November 8, which disrupted its services. The attack impacted certain financial services systems, including its ability to connect to DTCC/NSCC and settle U.S. Treasury trades for other market participants. ICBC is conducting an … Read more

Industrial and Commercial Bank of China hit by ransomware attack

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November 9, 2023 at 02:59PM ICBC, the Industrial & Commercial Bank of China, is in the process of restoring systems and services after a ransomware attack caused disruption in the U.S. Treasury market and equities clearing issues. The attack impacted ICBC’s ability to settle U.S. Treasury trades for other market participants. While the bank has … Read more