The concept is simple, the FBI explains: “Scammers impersonate bank reps to convince victims that hackers have infiltrated their financial account. Victims are urged to move their money fast to protect their assets. In reality, there was never a hacker, and the money that was wired is now fully controlled by the scammer.”
China's largest bank, ICBC, was hit by ransomware that resulted in disruption of financial services (FS) systems on Thursday Beijing time, according to a notice on its website
Chinese bank says it has contained a hack that affected some fixed income and equities transactions
