This forced ICBC to send the necessary data to the concerned parties by sending staff to fetch the USB.
According to ICBC confirmation, they were attacked with ransomware 1 day ago, which disrupted some systems in the ICBC financial services unit. The attacking system was immediately isolated. ICBC is committed to becoming the world’s largest bank by asset value reaching USD 5,742 billion by 2022.
According to Bloomberg news agency, the suspect responsible for the incident is the Lockbit cybercrime group, believed to be involved in several other attacks targeting American aircraft manufacturer Boeing, ION Trading UK financial company and finance company, British Royal Mail postal service company. Included.
The 9/11 attacks caused immediate disruption, forcing financial intermediaries, brokerage firms, and banks to reroute transactions. It is unclear when ICBC’s system will operate normally again in the US.
An overseas branch of the Industrial and Commercial Bank of China (ICBC) Photo: Xinhua News Agency
The incident highlights the threat of a major cyberattack on a critical part of the financial system – something bank leaders always fear.
Mr Marcus Murray, founder of TruSec, a Swedish cyber security company, commented: “This is a blow to the big global banks, causing them to immediately race to improve their defense capabilities. This is it”.
According to a knowledgeable source, upon hearing about the above attack, staff at ICBC headquarters in Beijing-China held an emergency meeting with the department in the US and informed the management agencies. ICBC is considering seeking support from China’s Ministry of National Security due to the threat of attacks on other units.