China's ICBC reportedly paid a ransom to stop a cyberattack on the bank last week. The Industrial and Commercial Bank of China (ICBC) reportedly responded to hackers' demands after a Lockbit ransomware gang representative said the firm "paid the ransom, deal closed.
ICBC s US unit told market participants on Friday it was hoping to finish the cyber review over the weekend, but the sources said they expected it would spill into next week. Meanwhile, the bank is using manual processes to trade, they said.