tThe U.S. Treasury Department, addressing a cybersecurity concern, informed CNBC that it is actively engaged with key players in the financial sector and federal regulators, maintaining continuous vigilance on the situation. Meanwhile, ICBC, a major Chinese bank, asserted that the cyber incident impacting its U.S. financial services arm did not extend to its operations in China or other affiliated institutions globally.
In response to the attack, Wang Wenbin, the spokesperson for China’s Ministry of Foreign Affairs, stated that ICBC is working to mitigate the impact and losses incurred. He emphasized the bank’s effective emergency response and supervision during a regular news conference.
As for the ransomware attack, the perpetrator remains unidentified, and ICBC has not disclosed the responsible party.. Cybersecurity experts, including Marcus Murray from Truesec, identified the ransomware as LockBit 3.0. However, tracing the origin of such attacks is challenging due to hackers’ sophisticated techniques to conceal their identities.
LockBit 3.0, known for its modularity and evasiveness, poses difficulties for security researchers. The malware’s unique password requirement for each instance makes analysis challenging, according to the VMware cybersecurity team. The Cybersecurity and Infrastructure Security Agency describes LockBit 3.0 as a highly adaptable and elusive threat, complicating detection.
This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents
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