US Treasury Dept aware of cybersecurity issue at ICBC affecting Treasury market -spokesperson

WASHINGTON (Reuters) – The U.S. Treasury Department is aware of a cybersecurity issue at Industrial and Commercial Bank of China that has affected the Treasury market, and is in regular contact with key financial sector participants and regulators, a spokesperson said on Thursday.

The Treasury issued the statement following a Financial Times report that a ransomware attack at ICBC had “disrupted” the US Treasury market by preventing the bank from settling Treasury trades on behalf of other market participants.

(Reporting by Pete Schroeder; Editing by Chris Reese)

tagreuters.com2023binary_LYNXMPEJA80TT-VIEWIMAGE