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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

Oil slumps below $80 - Daily Trust

Brent crude fell below $80 per barrel for the first time since July on Wednesday, while stocks struggled, as concerns about the economic outlook weighed on investors. Brent crude, the main international contract, briefly dropped more than 2 per cent to hit $79.80, before bouncing back above $80 per barrel. Meanwhile, the main US contract,…
United States City Of United Kingdom Craig Erlam Wall Street Patricko Hare

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