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ICBC manually settling Treasury trades days after cyberattack -sources

ICBC manually settling Treasury trades days after cyberattack -sources

by AIP Online Bureau | Nov 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management, Technology

ICBC was trying to minimize the risk impact and losses after the attack, which several experts blamed on hacking group Lockbit The Industrial and Commercial Bank of China’s access to an electronic settlement platform for U.S. Treasury securities remained...

Over 947mn cyberattacks blocked in India out of 1.1bn worldwide in Q2: Report

by AIP Online Bureau | Aug 22, 2023 | Data, Eco/Invest/Demography, Technology

Banking and insurance and healthcare were the particularly targeted sectors that were heavily affected as each website in this sector faced bot attacks. New Delhi: More than 947 million cyberattacks blocked in India, out of a global total of 1.1 billion in the second...

Microsoft says early June disruptions to Outlook, Cloud Platform were cyberattacks

by AIP Online Bureau | Jun 19, 2023 | International News, Risk Management, Technology

A spokeswoman confirmed that the group that calls itself Anonymous Sudan was behind the attacks. It claimed responsibility on its Telegram social media channel at the time. Some security researchers believe the group to be Russian In early June, sporadic but serious...

Over 500mn cyberattacks blocked in India in Q1 2023: Report

by AIP Online Bureau | May 10, 2023 | Data, Eco/Invest/Demography, Non-Life, Risk Management, Technology

“It is interesting to see how industries such as BFSI and Healthcare are more targeted by vulnerability and bot attacks. Clearly, attackers are more interested in Personally Identifiable Information (PII) from these sectors. That said, other industries including...

Cyberattacks accompany Russian military assault on Ukraine

by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology, Workplace/Employee Benefits

Officials have long expected cyberattacks to both precede and accompany any Russian military incursion. The combination of DDoS attacks, which bombard websites with junk traffic to render them unreachable, and malware infections hewed to Russia’s playbook of...
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