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 Quantum InsightsCommercial 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.
2025-04-30 00:48358 view
2025-04-30 00:06457 view
2025-04-29 23:12164 view
2025-04-29 23:052377 view
2025-04-29 23:03131 view
2025-04-29 23:032022 view
Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o
Reddit is seeing thousands of its communities go dark this week in protest against upcoming policy c
Wind energy giant Gamesa unveiled America’s first offshore turbine factory this month in Norfolk, Va