Friday, November 14, 2008

FOX News: Cyber Criminals Break Into IMF Computer Systems

Richard Behar writes on FOX News:

Another major international financial institution has had its computer system attacked by unknown cyber-hackers, FOX News has learned.

The discovery of the assault last week threw into crisis the Washington, D.C. based International Monetary Fund (IMF), which offers emergency financial aid to countries faced with balance-of-payments problems, and provoked a shutdown of IMF computers that lasted for several days.

In October, FOX News reported that the computer system at the World Bank had also been hacked over a period of months.

FOX News has been unable to determine what, if any, information may have been obtained by the hackers. The IMF denies any critical intrusion took place.

The spyware discoveries came at a particularly sensitive time for the international bailout institution, which along with the World Bank is expected to play a central role in trying to combat global financial turmoil. The pair of institutions are described on the IMF's website as the "twin intergovernmental pillars supporting the structure of the world's economic and financial order."

Both will be intensively discussed at this weekend's meeting of G-20 nations in Washington, hosted by President Bush, in the effort to put global finance back on a stable basis.

More here.


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