IMF cyber-attack led by hackers seeking ‘privileged information’

The International Monetary Fund (IMF) is investigating a serious cyber-attack in which some of its systems were compromised and used to access internal data.Security experts said the source seemed to be a “nation state” aiming to gain a “digital insider presence” on the network of the IMF, the inter-governmental group that oversees the global financial system and brings together 187 member countries. see:IMF Mum on Details of Network Cyberattack
The International Monetary Fund wouldn’t say Sunday if any confidential information had been compromised in a recent cyber attack that infiltrated its computer network, the latest in a series of high-profile hacking incidents against major corporations and institutions.”We had an incident,” said IMF spokesman David Hawley. “We’re investigating it and the fund is completely functional.” Comes to the IMF: Misunderstanding the threat makes the problem worse. So does secrecy.
The International Monetary Fund disclosed this weekend that it recently was the victim of a cyberattack. This comes hard on the heels of Google’s revelation that a relatively sophisticated attack tried to compromise email accounts of high-profile American policy makers, and a security breach at RSA, a company that manufactures security devices used by hundreds of thousands of employees at thousands of companies to access sensitive information on corporate computer networks.Such data breaches are becoming so commonplace they’ll soon stop being news. The West, in short, is hemorrhaging data. But it increasingly looks like everyone is making matters worse by misidentifying the problem. Calling these episodes “cyberattacks” in a “cyberwar” is not helping. Such military terms are inapt for a situation where the means and purpose of the events are unclear, as are the antagonists. Careless use of these terms makes it harder to understand what’s happening.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.