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China s ICBC, Paid Ransom to Stop Cyberattack Disrupting the US Treasury Market

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.

Hackers Claim ICBC Paid to End Ransomware Attack

A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week that disrupted some of its systems.

Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack – PYMNTS com

The U.S. subsidiary of ICBC reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities after facing a ransomware attack.

Anti-Ransomware Coalition Tells Hackers: We Won t Pay

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…

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