Chinese lender ICBC pays ransom for US unit cyberattack: What’s LockBit 3.0 and why it's dangerous

The Industrial and Commercial Bank of China's US division fell victim to a ransomware attack by the cybercriminal group LockBit, causing disruption in the US Treasury market. LockBit has become a major threat globally, targeting numerous organizations and leaking sensitive data if ransom demands are not met. The ransomware used in the ICBC attack is called LockBit 3.0, known for its evasiveness and difficulty in analysis.

Chinese lender ICBC pays ransom for US unit cyberattack: What’s LockBit 3.0 and why it's dangerous
The Industrial and Commercial Bank of China's US division fell victim to a ransomware attack by the cybercriminal group LockBit, causing disruption in the US Treasury market. LockBit has become a major threat globally, targeting numerous organizations and leaking sensitive data if ransom demands are not met. The ransomware used in the ICBC attack is called LockBit 3.0, known for its evasiveness and difficulty in analysis.