Ransomware Attack on China’s Biggest Bank Disrupts Treasury Market Trades, Reports Say

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

ICBC hit by ransomware impacting global trades

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

Industrial and Commercial Bank of China hit by ransomware attack

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