Reuters reports:
Global regulators and bond traders were on Friday trying to gauge the impact of a ransomware attack on the Industrial and Commercial Bank of China (ICBC), China’s biggest bank, that disrupted trades in the vital U.S. Treasuries market this week.
ICBC’s U.S. arm was hit on Thursday in the latest of a string of ransomware attacks this year that have targeted companies around the world.
China’s foreign ministry said on Friday that ICBC was trying to minimise the risk impact and losses after the attack, which a number of experts attributed to hacking group Lockbit.
Read more at Reuters.
The Data Breach Times notes that LockBit apparently subsequently confirmed in a Tox chat with VX-Underground that they are responsible for the attack:
LockBit’s Tox account is well-known and VX-Underground and LockBit have communicated many times, so this appears to be an actual claim by LockBit. In the same chat, LockBit responded to a media claim that LockBit has ties to Russia by declaring, “WTF? we not Russia, we multinational I have Chines affiliate lol” (sic).
