-
ICBC ransomware attack triggers global regulator, trader scrutiny
Global regulators and bond traders were on Friday trying to gauge the impact of a ransomware attack on the Industrial and Commercial Bank of China (ICBC), China's biggest bank, that disrupted trades in the vital U.S. Treasuries market this week. ICBC's U.S. arm was hit on Thursday in the latest of a string of ransomware attacks this year that have targeted companies around the world. China's foreign ministry said on Friday that ICBC was trying to minimise the risk impact and losses after the attack, which a number of experts attributed to hacking group Lockbit. Meanwhile, Britain's Financial Conduct Authority said it ... (full story)