Industrial and Commercial Bank of China

Hackers Claim ICBC Paid to End Ransomware Attack

Hackers Claim ICBC Paid to End Ransomware Attack
Hackers Claim ICBC Paid to End Ransomware Attack
November 13, 2023  |  Cybersecurity

A hacker group says the Industrial and Commercial Bank of China (ICBC) paid a ransom following an attack last week. Get the Full Story Complete the...

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Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
Report: ICBC Subsidiary Disconnects From Electronic Settlement Platform Amid Cyberattack
November 10, 2023  |  Fraud Prevention

The U.S. subsidiary of Industrial and Commercial Bank of China (ICBC) reportedly disconnected itself from an electronic settlement platform for U.S. Treasury securities operated by...

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China’s Banks To Face First Profit Drop In 10 Years
China’s Banks To Face First Profit Drop In 10 Years
August 24, 2020  |  Cross-border Payments

China’s banks are not immune to the recession triggered by the COVID-19 crisis. Analysts and official data indicate that some of the country’s largest banks...

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FinTechs Unite With Common Goal Of Banking-as-a-Service
FinTechs Unite With Common Goal Of Banking-as-a-Service
July 14, 2020  |  B2B Payments

With bank-FinTech tie-ups growing more popular, FinTechs themselves are similarly discovering value in collaborating with each other to elevate their value proposition for joint financial...

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China Officials Issue Strong Warnings On Shadow Lending
China Officials Issue Strong Warnings On Shadow Lending
March 20, 2017  |  Cross-border Payments

The dangers of shadow banking may impose dire consequences on China’s economy. Get the Full Story Complete the form to unlock this article and enjoy...

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