Major Chinese Bank ICBC Pays Ransom to Lockbit After Cyberattack

https://infotechlead.com/security/major-chinese-bank-icbc-pays-ransom-to-lockbit-after-cyberattack-81625

by ronron4693 • 3 years ago

1 3 3 years ago

infotechlead.com

throwaway1542• 3 years ago

No just major Chinese bank, but the biggest bank in the world measured by assets. [1]

[1] https://en.wikipedia.org/wiki/List_of_largest_banks

evanjrowley• 3 years ago

I was impressed to learn about their sneakernet-based continuity of operations plan: https://www.pcgamer.com/after-a-surprise-cyberattack-the-wor...

It is an unfortunate precedent that they paid the ransom, however, I don't believe there are any institutions better suited for solving financial crimes than banks. I bet they've hedged the risk and have means to go after the hackers.

throwaway1542• 3 years ago

I'm not impressed by the USB. That it's possible to put transaction details on a USB stick means it's possible for customer data to go walking out the door on a USB stick, too. I'm pretty sure infact this goes against data security requirements of US regulators.

Major Chinese Bank ICBC Pays Ransom to Lockbit After Cyberattack

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