Ransomware Attack Hits China's ICBC Bank, Disrupts US Treasury Market
"ICBC FS has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts."
ICBC - A ransomware attack hit China's largest bank disrupting US Treasury market trading. The extent of the disruption on the US Treasury market has been limited.
A notice posted on the ICBC website said, "On November 8, 2023, U.S. Eastern Time (November 9, 2023, Beijing Time), ICBC Financial Services (FS) experienced a ransomware attack that resulted in disruption to certain FS systems. Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident.