ICBC Unveils $11 Billion Innovation Fund: A Strategic Move Towards Sustainable Growth Industrial and Commercial Bank of China (ICBC), one of the world’s largest and most influential financial institutions, recently made headlines by announcing the establishment of an $11 billion innovation fund. This bold move is not only aimed at fostering sustainable growth for the […]
SEC and ICBC Unit Reach Settlement After Ransomware Attack
In a significant turn of events, the Securities and Exchange Commission (SEC) has reached a settlement with the Industrial and Commercial Bank of China (ICBC) following a ransomware attack that exposed vulnerabilities in the bank’s cybersecurity framework. This case underscores the urgent need for businesses to prioritize cybersecurity and maintain robust incident response protocols to […]