ICBC Hit by Ransomware Gang
Industrial and Commercial Bank of China (ICBC) is the latest victim of a ransomware gang linked to the recent Boeing and ION attacks. The attack, which occurred on November 9th, has caused significant disruption to the bank’s operations.
Background of the Attack
The ransomware gang, known as DarkSide, is believed to be based in Russia and is believed to have been responsible for the recent attacks on Boeing and ION. The group is known for using sophisticated encryption techniques to lock up data and demand a ransom in exchange for its release.
Impact of the Attack
The attack on ICBC has caused significant disruption to the bank’s operations. The bank has been forced to shut down its online banking services and its ATMs have been rendered inoperable. The bank has also been forced to suspend its customer service operations.
Reaction of ICBC
In response to the attack, ICBC has taken a number of steps to mitigate the damage. The bank has implemented a number of security measures to protect its systems from further attacks. It has also taken steps to restore its services as quickly as possible.
Investigation into the Attack
The Chinese government has launched an investigation into the attack. The government has stated that it will take all necessary measures to ensure the safety of its citizens and the security of its financial institutions.
Response from DarkSide
DarkSide has released a statement in response to the attack on ICBC. The group has stated that it is not responsible for the attack and that it does not condone such activities. The group has also stated that it is willing to cooperate with the authorities in their investigation.
Implications of the Attack
The attack on ICBC has raised concerns about the security of other financial institutions in China. The attack has also highlighted the need for better security measures to protect against such attacks.
Conclusion
The attack on ICBC has caused significant disruption to the bank’s operations and has raised concerns about the security of other financial institutions in China. The Chinese government has launched an investigation into the attack and DarkSide has released a statement denying any involvement. It remains to be seen how the investigation will progress and what measures will be taken to ensure the security of financial institutions in China.