ICBC affiliate hit by ransomware attack
An affiliate of the Industrial and Commercial Bank of China was hit by a ransomware attack. The US Securities and Exchange Commission reached a settlement with the affiliate and imposed no fine.
Key facts
- Affected organization
- Industrial and Commercial Bank of China (ICBC)
- Incident type
- Ransomware
- Occurred / detected
- Not confirmed
- Scale of damage
- Not confirmed
- Cause / method
- Ransomware attack
- Location
- United States
Timeline
- The US Securities and Exchange Commission settled with an ICBC affiliate over a ransomware attack without imposing a fine.
1 related reports
Other incidents at Industrial and Commercial Bank of China (ICBC)
Ransomware at ICBC’s US subsidiary disrupts Treasury trading
Impact: Disruption to some systems of the US financial services subsidiary and to US Treasury trade processing
The US financial services subsidiary of the Industrial and Commercial Bank of China was hit by a ransomware attack, disrupting some systems and the processing of US Treasury trades. The affected systems were isolated, and recovery and investigation were carried out with outside experts and law enforcement. The attackers later claimed to have received a ransom, and counterparties were cautious about resuming trading.
Related reports: 12 · last report →
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.