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
November 10, 2023 at 07:00AM China’s Industrial and Commercial Bank of China Financial Services, a financial services business of China’s largest bank, experienced a ransomware attack that disrupted trading in the U.S. Treasury market. The attack affected some of its systems, but the company disconnected parts to mitigate the impact. The incident is being investigated … Read more
November 10, 2023 at 03:06AM China’s largest bank, ICBC, experienced a ransomware attack that disrupted its financial services systems. The incident has impacted US Treasury markets and prevented the settling of trades on behalf of other market players. The attack exploited an unpatched Citrix Netscaler box. The ransomware gang LockBit is suspected to be behind … Read more
November 8, 2023 at 01:17PM Russian financial organization Sberbank recently faced its largest distributed denial of service (DDoS) attack in history. The attack reached 1 million requests per second (RPS), four times larger than any previous attack on the bank. However, it is not as significant as recent record-breaking DDoS attacks, which reached up to … Read more