01:10:35 EST Sun 22 Dec 2024
Enter Symbol
or Name
USA
CA



Boeing CDR (CAD Hedged)
Symbol BA
Shares Issued 150,000
Close 2023-11-13 C$ 36.35
Market Cap C$ 5,452,500
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Globe/wire say Boeing sees Lockbit attack Chinese bank

2023-11-14 09:16 ET - In the News

The Globe and Mail reports in its Tuesday edition that China's biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a Lockbit ransomware gang representative said on Monday. A Reuters dispatch to The Globe says that ICBC, whose U.S. arm was hit by a ransom ware attack that disrupted trades in the U.S. Treasury market on Nov. 9, did not immediately respond to a request for comment. "They paid a ransom, deal closed," the Lockbit representative told Reuters via Tox, an on-line messaging app. The blackout at ICBC's U.S. broker-dealer left it temporarily owing BNY Mellon $9-billion (U.S.), an amount many times larger than its net capital. The hack was so extensive that even corporate e-mail at the firm ceased to function, forcing employees to switch to Google Mail. "The market is mostly back to normal now," said Zhiwei Ren, a portfolio manager at Penn Mutual Asset Management. The ransomware attack came at a time of heightened worries about the resiliency of the $26-trillion (U.S.) Treasury market, essential to the plumbing of global finance, and is likely to draw scrutiny from regulators. Last week, Lockbit hackers published internal data from aerospace giant Boeing.

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