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Clearing company DTCC assessing when to reestablish electronic communications between ICBC, FICC

Reuters
·1 min read

NEW YORK, Nov 10 (Reuters) - The Depository Trust and Clearing Corporation (DTCC) said on Friday it will assess when it will be safe for the Industrial and Commercial Bank of China (ICBC) to reestablish electronic means of communications with Fixed Income Clearing Corp, a DTCC subsidiary, after a ransomware attack on China's largest bank.

"Following notification of the cyber-attack on ICBC, we took action to protect our systems," a spokesperson at DTCC, a company providing clearing and settlement services to the financial markets, said in a statement on Friday. (Reporting by Laura Mathews, Davide Barbuscia Editing by Chris Reese)