Ransomware Attack Hits China's ICBC Bank, Disrupts US Treasury Market

"ICBC FS has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts."

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Nov 10, 2023

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ICBC - A ransomware attack hit China's largest bank disrupting US Treasury market trading. The extent of the disruption on the US Treasury market has been limited.

A notice posted on the ICBC website said, "On November 8, 2023, U.S. Eastern Time (November 9, 2023, Beijing Time), ICBC Financial Services (FS) experienced a ransomware attack that resulted in disruption to certain FS systems. Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident.

ICBC Notice, Impact On US Treasury Market:

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A guest post by

Donald Standeford

Founder of The Standeford Journal. I'm an American independent investigative journalist, intel/geopolitical analyst, and world traveler.

Defcon Alerts Threat Monitor

Ransomware Attack Hits China's ICBC Bank, Disrupts US Treasury Market

"ICBC FS has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts."

ICBC Notice, Impact On US Treasury Market:

This post is for paid subscribers