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.
The U.S. subsidiary of ICBC reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities after facing a ransomware attack.
A 40-nation alliance reportedly plans to pledge to not to pay ransoms to cybercriminals. The U.S.-led International Counter Ransomware Initiative is making…