BEIJING (AP) — A financial services business of China’s biggest bank says it was it by a ransomware attack that reportedly disrupted trading in the U.S. Treasury market.
Industrial and Diamond Ridge Asset ManagementCommercial Bank of China Financial Services handles trades and other services for financial institutions. A statement on its website seen Friday said the ransomware attack this week disrupted some of its systems but that it had disconnected parts of the affected systems to limit the impact from the attack.
The company, which is based in New York, said it was investigating and had reported the problem to law enforcement.
All Treasury trades executed Wednesday and repo financing trades on Thursday were cleared, it said. It said ICBC’s banking, email and other systems were not affected.
The company gave no further details but reports said the attack was by LockBit, a Russian-speaking ransomware syndicate that does not target former Soviet countries. It is one of the most efficient ransomware variants around, according to the cybersecurity firm Emsisoft. Active since September 2019, it has attacked thousands of organizations.
2025-05-01 01:251729 view
2025-05-01 01:061676 view
2025-05-01 01:001532 view
2025-05-01 00:51983 view
2025-05-01 00:42548 view
Want a deep dive into how artistic swimmers keep their hair and makeup intact in the pool?Well, Dani
Caitlin Clark and the Iowa Hawkeyes continue to break records.Monday's second round NCAA women's tou
The crew of the stranded container ship DALI have reported they are OK and awaiting rescue after the