Estimated reading time: 0 minutes, 20 seconds

World's Biggest Bank, China’s ICBC, Hobbled by Cyberattack

Industrial and Commercial Bank of China, the biggest global lender by assets, has revealed that a ransomware attack on its U.S. financial services arm, ICBC Financial Services, disrupted “certain” systems. So reports CNBC.

china 156219 640smallThe state-owned bank said it promptly “isolated impacted systems to contain the incident.”

According to multiple news outlets, the incident disrupted trades in U.S. Treasury bonds.

Read the full article from CNBC.

Read 1730 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.