← ICBC (Industrial and Commercial Bank of China)

2023 LockBit ransomware — U.S. Treasury disruption

2023 Unknown records affected Share on X

Data compromised

Financial data

Technical writeup

ICBC Financial Services (U.S. unit) hit by LockBit. Severe disruption to U.S. Treasury market; trade clearances halted. Manual processing via USB and Gmail. Temporarily owed BNY Mellon $9B.

Root cause

LockBit ransomware; inadequate cybersecurity prep.

References