"ICBC and Allen & Overy Hit By Ransomware"

Two giants of the banking and legal sectors have recently been breached by suspected ransomware actors.  Allen & Overy is one of the UK's "Magic Circle" law firms.  It is believed that LockBit was behind the ransomware attack on Allen & Overy since they are listed on the gang's leak site.  The company stated that investigations to date have confirmed that data in its core systems, including its email and document management system, has not been affected.  The firm continues to operate normally, with some disruption arising from steps taken to contain the incident.  The US arm of banking giant The Industrial and Commercial Bank of China (ICBC) was also hit by ransomware yesterday.  Experts believe LockBit is also behind that attack, although the firm has yet to appear on its leak site.  It's unclear if data was stolen, but the breach disrupted trades on Thursday.  Oz Alashe, founder and CEO of Cybsafe, stated that with the rising severity, sophistication, and frequency of cyberattacks, often involving human error, companies urgently need to rethink their approach to ransomware defense.
 

Infosecurity reports: "ICBC and Allen & Overy Hit By Ransomware"