Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

The IMF's headquarters in Washington DC. AP Photo/Jose Luis Magana/PA

IMF computer systems attacked but extent of damage not known

Attack described as a “very major breach” occurred sometime in the last several months, but the IMF hasn’t revealed the scope of the attack.

THE IMF, already reeling from last month’s arrest of its former leader, is investigating an attack on its computer system.

IMF spokesman David Hawley said the organisation is fully functional. He declined to provide further details on what he termed an “IT incident,” including its scope or nature and whether any sensitive data were taken. The IMF has confidential information on countries in financial trouble – including Ireland.

The New York Times cited unnamed IMF officials as saying the attack was sophisticated and serious.

The IMF told staffers about it on Wednesday but hasn’t made a public announcement.

The organisation is already facing a public-relations headache after the arrest of Dominique Strauss-Kahn, who resigned as its chief last month after being accused of sexually assaulting a maid in a New York hotel.

French Finance Minister Christine Lagarde, Mexican central bank chief Agustin Carstens and others are vying for the top job. Stanley Fischer, Israel’s central bank chief, emerged as a candidate Saturday.

It’s not clear if hackers were targeting the IMF. Hackers sometimes try to distribute malicious software code widely and see which organisations it can infect. But they can also choose targets. Using a technique called “spear phishing,” for instance, they can trick employees of a specific organisation into clicking a link that then gives hackers access to its computer systems.

Dave Jevans, chairman of computer security firm IronKey Inc., said he’s concerned by an uptick in “hacktivism,” where groups target organisations for political purposes.

It’s possible the IMF was the victim of such hacktivism. However, one official cited by the Times said the attack occurred over the last several months, before the troubles involving Strauss-Kahn.

Concerns about the IMF attack were great enough that the World Bank cut a computer link that allows the two organisations to share non-sensitive information, according to a bank official. The move was taken out of “an abundance of caution,” said the official, who spoke on condition of anonymity because of the security issues around the incident.

The IMF attack follows a string of major data breaches. In recent months, hackers have penetrated 100 million Sony PlayStation accounts, the networks of Lockheed Martin and the customer email databases of a company that does marketing for Best Buy and Target stores. Google has accused Chinese hackers of targeting the Gmail accounts of U.S. government officials.

About 200,000 Citibank credit card customers in North America had their names, account numbers and email addresses stolen.

- AP

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Author
View comments
Close
Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds