The Industrial and Commercial Bank of China (ICBC), recognized as the world’s largest commercial bank, has fallen victim to a ransomware attack. The incident, which unfolded on November 8, 2023, has sent ripples through the global financial community, emphasizing the escalating cyber threats faced by even the most robust institutions.
ICBC confirmed the attack in an official statement, revealing that its U.S. arm, ICBC Financial Services, experienced a ransomware attack resulting in the disruption of certain systems. The bank, in response to the incident, promptly disconnected and isolated affected systems to contain the breach.
