💻 The U.S. financial services division of China’s ICBC, the world’s largest bank by assets, suffered a ransomware attack, disrupting certain systems and reportedly affecting U.S. Treasury trades.
🔒 Following the cyberattack, ICBC isolated impacted systems to contain the incident. The bank, along with law enforcement, is conducting a thorough investigation and progressing in recovery efforts.
🌐 The ransomware, identified as LockBit 3.0, is part of a growing trend of cyberattacks targeting major financial institutions. This incident highlights the increasing sophistication and prevalence of cyber threats in the global financial sector.