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.
Tom Kellermann, a cybersecurity expert who has worked for the IMF and was in charge of cyberintelligence in the World Bank's treasury team, said the intrusion could have yielded a treasure trove of non-public economic data used by the IMF to promote exchange rate stability.
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The World Bank said it had cut its network connection with the IMF out of caution, even though the information shared over the link was "non-sensitive". The IMF insists that it remains "fully functional" while the FBI investigates the attack.
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News of the hack came at a sensitive time for the world lender of last resort, as it seeks to replace its former managing director Dominique Strauss-Kahn, who quit last month after being charged with the attempted rape of a hotel maid.
Monday, June 13, 2011
Spotlight on the IMF
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