Cybersecurity Breach at ICBC Disrupts US Treasury Market Trades
TL;DR
Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack that disrupted some trades in the U.S. Treasury market, according to the Treasury Department. The attack, which paralyzed ICBC's computer systems, prevented the settlement of trades on behalf of other market players. The identity of the hackers behind the attack remains unknown. ICBC is in the process of restoring services, and the Treasury market appeared to be functioning normally.
- Ransomware attack on China's ICBC disrupts Treasury market trades Reuters
- Ransomware attack on ICBC disrupts trades in US Treasury market Financial Times
- Industrial and Commercial Bank of China hit by ransomware attack BleepingComputer
- US Treasury Dept aware of cybersecurity issue at ICBC affecting Treasury market -spokesperson Reuters
- ICBC Tells Clients to Reroute Some Trades After Cyber Issue Bloomberg
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