The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo
The U.S. Treasury Department is aware of a cybersecurity issue at Industrial and Commercial Bank of China (601398.SS) that has affected the Treasury market, and is in regular contact with key financial sector participants and regulators, a spokesperson said on Thursday.
The Treasury issued the statement following a Financial Times report that a ransomware attack at ICBC had “disrupted” the US Treasury market by preventing the bank from settling Treasury trades on behalf of other market participants.
Reporting by Pete Schroeder
Editing by Chris Reese
