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SEC settles with ICBC unit over ransomware attack, imposes no fine

By Yahoo! Finance   |   3 months ago
SEC settles with ICBC unit over ransomware attack, imposes no fine

The U.S. SEC settled record keeping charges against an ICBC unit over a 2023 ransomware attack, citing lack of bookkeeping and transaction notifications. No civil fine was imposed due to cooperation and remedial actions taken. The ICBC unit settled without admitting guilt.

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