World Bank Under Cybersiege In "Unprecedented Crisis"

JagsLive sends in a Fox News report on large-scale and possibly ongoing security breaches at the World Bank. "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." Update: 10/11 01:15 GMT by T : Massive spyware infestations might be good cause to reevaluate the TCO of non-Windows systems on the desktop.

Comments

Re:so the chinese orchestrated the market meltdown

[Philip K Dickhead]

The "World Bank" is neither a 'world' institution, nor is it a Bank.

the World Bank has a corrupting influence over those in the rich world, especially the U.S. government, who have tended to use the Bank as a tool of "diplomacy by other means". Bribery, in short. Oh, nobody calls it that in polite society, but that is most assuredly what it is. It must be extremely expedient for Western governments to punish recalcitrant governments in the developing world by withholding World Bank and IMF "assistance"; and conversely reward compliant ones.

http://www.zambia.co.zm/articles/world_bank.html

The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge bureaucratic organization, acting on its own behalf. This interpretation can not be endorsed fully by the available information, but only in the sense of bureau-shaping. The Bank itself is proud of being a knowledge bank. But its actual activity is the popularization of ideas on development and not the application of research outcomes in its day-to-day operations. The most appropriate interpretation of the activity of the World Bank is that its changing scope and size is shaped heavily by pressure from different interest groups.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=588648

Re:Fox is like the National Enquirer

[Mr. Firewall]

Why? Because Fox isn't biased far enough to the Left for you?

Re:Fox is like the National Enquirer

[Mr. Firewall]

You mean Faux news? That's french for 'fake' haha.

No, "faux" news would be (for instance) organizaions that make up fake memos to try to influence an election (CBS); organizations that misquote VP candidates in order to make them look bad (ABC); organizations that attach fireworks to pickup trucks to make them look dangerous when they crash (NBC), organizations that print faked stories about the CIA importing cocaine to poison black people (LA Times), organizations that lie about Spotted Owls (CNN), and organizations that continue to breathlessly publish scare stories about so-called "Global Warming" even after ten years of flat temperatures (all of the above).

I'll take Fox News over any of those -- hell, I'll take Fox over ALL of those -- any time. Even though they, too, have bought into the Great Global Warming Hoax, they're still a good sight better than anyone else.

there's no such thing as a neutral media

[circletimessquare]

all media is biased

the only true test of bias is the individual. and since each of our bullshit meters is different, only in aggregate does a judgment of bias become apparent

and when you look at an aggregate opinion of the people, it becomes apparent that some media swings right, and some swings left

and this is the way it always was, is, and always will be. if fox news went out of business, another media outlet would spring into being to fill the void, since it satisfies a craving for right leaning folks to get their prejudices pampered. and this observation applies equally to the left, its prejudices, and liberal media. there is never an end to a right wing media, never an end to left wing media

such that a constant passionate obsession with bias in the media is more of a hallmark of naivete and cluelessness

every day the sun rises and sets. at 7 am when the sun comes up, do i guffaw with shock and amazement? when the tide comes in and out, do i start frothing at the mouth in hysterics?

no. nothing i do will change the rising and setting of the sun or the tides. nor do these occurences become interesting or remarkable anymore

likewise, nothing i do will change the existence of bias in the media, nor is the existence of bias in the media of any interest or remarkability

the entire subject matter is remedial

this applies equally to those who foam at the mouth about the liberal media, and those who foam at the mouth about fox news: naivete about how their world works

anyone with any real intelligence on the issue of bias in the media is over it, doesn't care anymore

meanwhile, anyone who is a child is still obsessed with the issue

its over. its a done topic. its completely unimportant: media is biased. it doesn't matter anymore. stop talking about it already unless you wish to prove you are unfamiliar with simple realities about the world you live in like a small child