World Bank Under Cyber Siege

World Bank Under Cyber Siege

www.foxnews.com

The World Bank Group's computer network — one of the largest repositories of sensitive data about the economies of every nation — has been raided repeatedly by outsiders for more than a year, FOX News has learned.

It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly-restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July.

In total, at least six major intrusions — two of them using the same group of IP addresses originating from China — have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month.

In a frantic midnight e-mail to colleagues, the bank's senior technology manager referred to the situation as an "unprecedented crisis." In fact, it may be the worst security breach ever at a global financial institution. And it has left bank officials scrambling to try to understand the nature of the year-long cyber-assault, while also trying to keep the news from leaking to the public.

(visit the link for the full news article)

Has anyone seen this yet? This is amazing! God only knows how much information they have gotten so far. They refer to it as a gold mine for Chinese hackers.

Wonder if this ties in any way with whats going on? I seem to find it outrageous that a bank so big did catch anything going on until the Feds told them! You're telling me that they are not using IPS/IDS devices, Geo blocking or auditing file access on their servers for crying out loud! I think the management of their IT department should be canned for letting this go on for a year.

www.foxnews.com
(visit the link for the full news article)

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