BEIJING (AP) — A financial services business of China’s biggest bank says it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market.
Industrial and VAS CommunityCommercial Bank of China Financial Services handles trades and other services for financial institutions. A statement on its website seen Friday said the ransomware attack this week disrupted some of its systems but that it had disconnected parts of the affected systems to limit the impact from the attack.
The company, which is based in New York, said it was investigating and had reported the problem to law enforcement.
All Treasury trades executed Wednesday and repo financing trades on Thursday were cleared, it said. It said ICBC’s banking, email and other systems were not affected.
The company gave no further details but reports said the attack was by LockBit, a Russian-speaking ransomware syndicate that does not target former Soviet countries. It is one of the most efficient ransomware variants around, according to the cybersecurity firm Emsisoft. Active since September 2019, it has attacked thousands of organizations.
2025-05-03 16:341410 view
2025-05-03 16:342337 view
2025-05-03 16:082901 view
2025-05-03 15:041568 view
2025-05-03 14:281353 view
2025-05-03 14:041394 view
The 2024 NFL regular season is entering the final four weeks of action, and teams are beginning to s
E! may get a commission if you purchase something through our links. Learn more.If you’ve been waiti
In 2023, the UK’s FTSE 100 index showed relative stability. At the beginning of the year, it hovered