#ICBCRansomware

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

Treasury Markets Disrupted by ICBC Ransomware Attack

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November 9, 2023 at 05:26PM The Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack, disrupting US Treasury services and preventing trade settlements. ICBC has begun restoring its services, but there was no comment from ICBC or the US Securities and Financial Markets Association (SIFMA). It is unclear if any data has been … Read more