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 2675 times
Rate this item
(0 votes)

Visit other PMG Sites: