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Chinese banking giant’s US arm hit by ransomware attack

November 10, 2023

“Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident,” the bank said in a statement.

The firm, whose clients include hedge funds, broker-dealers and global banks, said it is investigating the attack and progressing recovery efforts.

“The business systems and office systems of the head office of ICBC and other domestic and foreign branches and subsidiaries within the group are normal,” China’s foreign ministry said Friday, according to CBS News.

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