In a major cybersecurity incident, Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, was hit by a ransomware attack in early November 2023. The attack reportedly affected ICBC's U.S. operations and disrupted trading in the U.S. Treasury market. ICBC confirmed the attack in a statement, saying that it had "isolated impacted systems to contain the...[ read more ]
Tag: China
Nio’s New Smartphone Is a Smart Move for the EV Maker
Chinese electric vehicle (EV) maker Nio has launched a smartphone that is designed to work with its electric cars. The phone, called the Nio Phone, is the first car-specific phone to be sold by a Chinese firm. The Nio Phone has a number of features that are designed to work with Nio electric vehicles, such as the ability to: Unlock...[ read more ]