Hackers lock up a victim organisation s systems in such attacks and demand ransom for unlocking it, often also stealing sensitive data for extortion. | World News
Industrial and Commercial Bank of China (ICBC) injected significant capital into its U.S. unit to help settle trades after it was hacked this week and has hired a third party to make sure its systems are safe, three sources familiar with the matter said. ICBC’s representatives told market participants on a call organized by industry group the Securities Industry and Financial Markets Association (SIFMA) that they hoped the assessment would be done as soon as this weekend, according to the sources, who added that some expected the assessment to take longer. The attack, confirmed by ICBC on Thursday, is the latest in a string of ransom demands by hackers this year.