High Alert Raised by Financial Authorities Following ICBC Ransomware Attack and US Treasuries Disruption

The largest lender globally in terms of assets, the Industrial and Commercial Bank of China (ICBC), was hit by a ransomware attack that disrupted the trading of Treasury securities through its US financial services division. The cyberattack, which resulted in system disruptions, was disclosed by ICBC on Thursday. Promptly implementing system isolation as a preventive […]

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