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    Update: Report Details Aftermath of ICBC LockBit Ransomware Attack

    • Incident Response, Learnings
    • November 22, 2023
    • Bank Info Security
    A ransomware attack on the Industrial and Commercial Bank of China caused failed trading rates in the U.S. Treasury market to soar to $60 billion, highlighting the potential impact of cyberattacks on financial systems.
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    • Industrial and Commercial Bank of China (ICBC)
    • Ransomware Attack
    • U.S. Treasury market
    • Trade Settlement Issues
    • ICBC Financial Services Unit
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