The US branch of China's largest bank, ICBC Financial Services, was hit by a ransomware #attack that caused disturbances in the trading of US Treasury securities on Thursday, with the cybercriminal group #Lockbit being the likely culprit. The Chinese foreign ministry has acknowledged that ICBC is handling the risks and that its operations worldwide have not been impacted, and the effect on the market was negligible as #ICBC continued to clear trades in spite of the attack. US officials are emphasizing the need for improved international cooperation to address the challenge of #ransomware.

https://www.theguardian.com/technology/2023/nov/10/ransomware-attack-on-china-biggest-bank-disrupts-us-treasury-market