The IMF Has Been Hacked

Jo Coghlan
The International Monetary Fund (IMF) has been hacked  The IMF has described the event as an "IT incident."  Computer experts have describe the 'cyber attack' on the IMF as serious, large and sophisticated, with unknown dimensions. It has potentially puts sensitive, confidential data about national economies at risk of exposure. The IMF holds highly confidential data about the fiscal conditions of its members. It is currently at the centre of the economic bailout programs for Portugal, Greece and Ireland. In response to the IMF hack, the World Bank severed the electronic link that allows the two institutions to share non-public data. Reports initially indicated the hack could have been a response to the Dominique Strauss-Kahn matter, although officials from the IMF have denied this, in fact saying multiple cyber attacks on the IMF had been occurring for several months. The attacks were likely to have been made possible by a technique known as "spear phishing," in which an...(Read Full Post)

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