[JARV15]

Ransomware attack on ICBC disrupts trades in US Treasury market
The Industrial and Commercial Bank of China has been hit by a ransomware attack, market participants told the Financial Times on Thursday, in a move that may have interfered with the U.S. Treasury market.

[Dyre]

What can actually be done with a Chinese leak I never saw a use for them for me thus far

[blackboar]

What can actually be done with a Chinese leak I never saw a use for them for me thus far

The bad guys disconnected their FIX connections which usually are high speed order management connections. Like high speed Algos will split trades with volumes of 10k and break them into 100 or 200 allotments and send them to various FIX connections to hide the actual size of the order.

Clients (if your FIX goes down) just switch over to another provider at a click of a button. It wasn't a big deal this time.

Connections to DTCC (the clearing corps) is funny because we're moving to T+1 (from T+2) which means losing THOSE connections mean fines from regulatory bodies.

[Vetrified]

oh, that's unfortunate

[TsingFeather]

What can actually be done with a Chinese leak I never saw a use for them for me thus far

Do you have data leaked by China, not flooded data?

[milakanti3]

I'll take a look at it

[Blastoise]

one way or another there is not a single mention of ICBC on the LockBit onion site, in general I don’t understand where this news came from..

https://www.hackread.com/icbc-bank-cripp...re-attack/

[wilien]

Why attack because of his out-of-town visit?

[hklaw]

where there’s “real” money involved

[ssveCY008]

considering that this attack caused a problem in the USA .. if sameone want to destroy USA finances, he need to attack China...