What is ICBC? What are ransomware attacks? Who is behind this cyber attack? What has its impact been? How have authorities responded to the ongoing ransomware ‘crisis’?
The prolific gang known as Lockbit is suspected to have orchestrated a ransomware attack against the US unit of ICBC, the worlds largest lender by assets, according to people familiar with the situation, who asked not to be identified because the information isnt public. The attack has resulted in disruptions across the US Treasury market, with some transactions failing to clear and traders being asked to reroute their deals.