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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.
The data raids are not a matter of stealing inconsequential bits and bytes. The World Bank's data center is literally a treasure trove of vital financial information from around the globe. As a clearinghouse for financial data from both governments and companies, the bank's computers could provide intruders with both a financial and intelligence gold mine — from inside information on bids and contracts to the minutes of confidential board meetings.
If the bank takes a position in a currency, for example, that currency usually moves in response to the bank's actions. Stocks and bonds can also swing up and down based on World Bank announcements. "If you know beforehand that the bank is going to put an order in for oil pipelines in Chad or healthcare systems in India, you can actually make a good amount of money," says one insider.
Originally posted by GrndLkNatv
So is China shorting our markets? On purpose?
Originally posted by MischeviousElf
Flag from me good find,
however no star as Fox news!
World Bank Under Cyber Siege in 'Unprecedented Crisis'
Gtron Solutions has just been notified that the World Bank Group network (one of largest data repositories of sensitive data) has been compromised by multiple people.
Sources say the servers inside the institution's treasury contained "spy software." It seems they had access to the banks data for close to a 30 day span between the months of June and July of 2008.
Originally posted by Atlantican
What the hell is the world bank doing with even ONE COMPUTER ONLINE.
They should have a completely SEALED net.
DUMB network planers and a lousy topography. Goes to show that these people are no less stupid than the pawns they own.
I'm so angry right now my teeth are cracking.