Saturday, June 11, 2011

Vital Data at Stake as Hackers Hit Hard to Tear into IMF Computer Sytems - - FBI Investigating

IMF under Cyber Attack
WASHINGTON (June 12) – After a recent cyber attack on Sony Corp by a hackers group called ‘Lulz Security’; the International Monetary Fund (IMF) has become the latest known target of a major cyber attack on its computer network and systems.

A cyber-security expert, who has worked for both the IMF and the World Bank, said the hackers' mission had been to install software that would give a nation state a "digital insider presence" on the IMF network.

The software, if installed successfully, could transfer non-public economic data used by the IMF to promote exchange rate stability, support balanced international trade and provide resources to remedy members' balance-of-payments crises.

Quite a few high-profile companies and institutions have become victims of cyber attack in recent past, with IMF cyber attack the latest one came in light, often to pilfer secrets with potentially far-reaching economic implications.

Reportedly, the U.S. Federal Bureau of Investigation (FBI) has joined an investigation of the attack on the IMF; but refused to comment while investigations are underway.

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