Connect with us

Hi, what are you looking for?


Ransomware Attack Disrupts US Treasury Market

A ransomware attack on the Industrial and Commercial Bank of China has disrupted the US Treasury market, according to market participants.

The Securities Industry and Financial Markets Association told members on Thursday that ICBC, China’s largest bank, had been hit by ransomware software, which paralyses computer systems unless a payment is made, according to several people familiar with the discussions.

The attack prevented ICBC from settling Treasury trades on behalf of other market participants, according to traders and banks.

ICBC was starting to restore services as of Thursday afternoon, according to some of the people briefed on the incident.

1 Comment
  • Peggy says:

    That happened to me about 8 years ago. They wanted 1,000$ to give me all my pictures back

  • Trending Today


    The disappearance of videotapes of witness interviews conducted by the Democratic-led House Select Committee on the January 6 Attack has alarmed the chairman of...


    Former Democratic presidential candidate Hillary Clinton was once again hounded by pro-Palestinian students at Columbia University on Wednesday. Clinton is a professor of international...


    Eight major corporations have recently withdrawn their advertising from billionaire Elon Musk’s X, formerly known as Twitter, according to reports. Several advertisers left X...


    Florida Governor Ron DeSantis whipped out a map during his debate with California Governor Gavin Newsom on Thursday night showing all the public places...