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ICBC manually settling Treasury trades days after cyberattack -sources

NEW YORK/LONDON : Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware attack, sources familiar with the matter said.ICBC said on Thursday it had been hit by
Hong Kong United Kingdom New York United States Jack Mcintyre Wang Wenbin

US arm of China mega-lender ICBC hit by ransomware attack

The US arm of China's largest bank said it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market. "That's because subsequent reports have indicated that the US financial services division of China's Industrial and Commercial Bank was hit by a ransomware cyberattack yesterday that disrupted trades in the Treasury market."
United Kingdom Karl Haeling Wang Wenbin Us Justice Department Infrastructure Security Agency China Financial Services
Source: legit.ng

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