Subj : Chinese banking giant's London HQ targeted by cybercriminals, thr
To   : All
From : TechnologyDaily
Date : Thu Sep 12 2024 16:15:05

Chinese banking giant's London HQ targeted by cybercriminals, threatening to 
leak millions of files

Date:
Thu, 12 Sep 2024 15:02:00 +0000

Description:
ICBC has until tomorrow to act, otherwise the files are going public.

FULL STORY
======================================================================

The London branch of the Industrial and Commercial Bank of China (ICBC) has 
suffered a ransomware attack that saw the hackers make off with plenty of 
sensitive data. 

A report from The Register , citing an announcement posted on the threat 
actors data leak site, says ICBC has until September 13 to pay the ransom 
demand or witness its data leaking. 

The ransomware attack on ICBC's London branch was carried out by a group 
known as Hunters International, who claim to have stolen 5.2 million files - 
equivalent to 6.6 TB of sensitive data. ICBC ransomware attack 

For those with shorter memory, Hunters International might sound like a 
relatively new entrant in the game of ransomware. However, some experts claim 
it is actually a rebrand of the infamous Hive ransomware, which was one of 
the largest and most dangerous groups of its tim, until it was dismantled by 
the FBI in July 2022, when the law enforcement successfully infiltrated the 
collective and obtained decryption keys. 

Hunters International emerged roughly a year ago, as a threat actor that 
focuses more on data exfiltration, and less on system encryption. Some 
researchers argue that building, maintaining, and deploying encryptors is too 
cumbersome, and that simply stealing files is as lucrative. 

ICBC is the largest bank in the world by total assets and market 
capitalization. It is owned by the Chinese state and is a key player in the 
countrys financial system. The bank provides a wide range of services such as 
corporate and personal banking, wealth management, and investment banking. 
ICBC has a vast global presence with branches and subsidiaries in major 
financial centers around the world. As such, it plays a major role in 
financing infrastructure projects both within China and internationally. 

So far, the bank has not yet responded to any requests for comment, nor has 
it said anything about the incident. 

 Via The Register More from TechRadar Pro One of the most dangerous 
ransomware kits around might have just gotten a rebrand Here's a list of the 
best firewalls around today These are the best endpoint security tools right 
now



======================================================================
Link to news story:
https://www.techradar.com/pro/security/chinese-banking-giant-s-london-hq-targe
ted-by-cybercriminals-threatening-to-leak-millions-of-files


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