Key Points
Industrial & Commercial Bank of China Ltd. is suspected of being hacked by the same group that has just in the past year also hit Boeing Co., ION Trading UK and the UKs Royal Mail...
The prolific gang known as Lockbit is suspected to have orchestrated a ransomware attack against the US unit of ICBC, the worlds largest lender by assets, according to people familiar with the situation, who asked not to be identified because the information isnt public..
The attack has resulted in disruptions across the US Treasury market, with some transactions failing to clear and traders being asked to reroute their deals...
Lockbit, a criminal gang with ties to Russia, specializes in using malicious software known as ransomware to encrypt files on its victims computers, then demanding payment to unlock the files..
On Thursday, ICBC confirmed in a statement on its website that a ransomware attack at its ICBC Financial Services unit resulted in disruption to some of its systems..
You might be interested in
China's biggest lender hit by ransomware attack
10, Nov, 23Hackers lock up a victim organisation's systems in such attacks and demand ransom for unlocking it, often also stealing sensitive data for extortion. | World News
US arm of China mega-lender ICBC hit by ransomware attack
11, Nov, 23The US arm of China's Industrial and Commercial Bank of China (ICBC) experienced a ransomware attack, leading to disruptions in certain financial serv
Hackers Hit U.S. Arm of Chinese Bank
10, Nov, 23The subsidiary, which helps clear trades of Treasury bonds, was targeted in a ransomware attack.
Global stocks edge back down from latest all-time highs
22, Mar, 24By Elizabeth Howcroft LONDON (Reuters) -European stocks were mixed in early trading on Friday after cautious Asian markets put a dampener on the recent equity rally, in a move attributed to
Explained | What is LockBit ransomware and why is it targeting macOS?
22, Apr, 23Explained | What is LockBit ransomware and why is it targeting macOS? To learn more, read the full story on The Hindu.
ICBC paid ransom after hack that disrupted markets, cybercriminals say
13, Nov, 23China’s biggest lender, the Industrial and Commercial Bank of China, has paid a ransom to cybercriminals who hacked ICBC last week, a representative of the Lockbit ransomware gang said on Monday in a statement Reuters was unable to independently verify.