Lockbit Claims ICBC Paid the Ransom Following Last Week's Attack
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A Lockbit ransomware gang representative said that China's biggest lender, the Industrial and Commercial Bank of China (ICBC), paid a ransom after it was hacked last week.
"They paid a ransom, deal closed," the Lockbit representative said via Tox, an online messaging app.
The hack was so extensive that even corporate email at the firm ceased to function, forcing employees to switch to Google Mail. "The market is mostly back to normal now," said Zhiwei Ren, a portfolio manager at Penn Mutual Asset Management.
ICBC did not respond to a request for comment.
Separately, security researcher Kevin Beaumont has tracked and analyzed ten victims exploited by Lockbit, including ICBC, and determined that the attackers entered the organization via an unpatched flaw…
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