A criminal organization targeted the bank with a ransomware attack that disrupted several services. The bank claims it isolated the impacted areas. Chinese banks have historically not been targeted by these attacks, as they usually demand a cryptocurrency ransom and
"It appears ICBC has had a less effective security, possibly because Chinese banks have not been tested as much as their Western counterparts in the past,"
Ransomware attacks have been growing significantly, as analytics firm Chainalysis found
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