China's largest bank hit by ransomware attack

Ransomware attack on a computer.

ICBC, the largest bank in China, suffered a devastating ransomware attack which disrupted its financial services (FS) systems, with a knock-on effect of affecting US Treasury markets, and sending ripples across the global financial world. 

Multiple news outlets reported that ICBC was attacked by LockBit, a ransomware operation with possible ties to Russia. However, as LockBit is a ransomware-as-a-service operation, the culprits could actually be any one of its affiliates.