Friday, October 10, 2008

World Bank Under Cyber Siege in 'Unprecedented Crisis' - UPDATE

Via Fox News.

The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year, FOX News has learned.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July.

In total, at least six major intrusions — two of them using the same group of IP addresses originating from China — have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month.

In a frantic midnight e-mail [.pdf] to colleagues, the bank's senior technology manager referred to the situation as an "unprecedented crisis." In fact, it may be the worst security breach ever at a global financial institution. And it has left bank officials scrambling to try to understand the nature of the year-long cyber-assault, while also trying to keep the news from leaking to the public.

More here.

UPDATE: 16:45 PDT: Representatives of the World Bank are quoted in this InformationWeek article as saying that the FOX News article above " riddled with falsehoods and errors and cites misinformation from unattributed sources and e-mails that are taken out of context." -ferg


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