Major Chinese Bank ICBC Pays Ransom to Lockbit After Cyberattack

infotechlead.com

1 pointronron46933 comments

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

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.

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.

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