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International Monetary Fund Hit By Cyber Attack
DotNM writes "CityNews and other media outlets are reporting that the International Monetary Fund has been hit by a 'cyber attack.' They are withholding most of the details; however, it is known that the World Bank has shut down a 'link' between them and the IMF." Adds reader Hugh Pickens, "A cyber security expert told Reuters the infiltration had been a targeted attack, which installed software designed to give a nation state a 'digital insider presence' at the IMF. 'The code was developed and released for this purpose,' said Tom Kellerman, who has worked for the Fund. Bloomberg quoted an unnamed security expert as saying the hackers were connected to a foreign government — however, such attacks are very difficult to trace."
One example is that the IMF stopped Malawi from stockpiling grain, and many people died of starvation as a result:
"... when in 2001 the IMF found out the Malawian government had built up large stockpiles of grain in case there was a crop failure, they ordered them to sell it off to private companies at once. They told Malawi to get their priorities straight by using the proceeds to pay off a loan from a large bank the IMF had told them to take out in the first place, at a 56 per cent annual rate of interest. The Malawian president protested and said this was dangerous. But he had little choice. The grain was sold. The banks were paid.
The next year, the crops failed. The Malawian government had almost nothing to hand out. The starving population was reduced to eating the bark off the trees, and any rats they could capture. The BBC described it as Malawiâ(TM)s âoeworst ever famine.â There had been a much worse crop failure in 1991-2, but there was no famine because then the government had grain stocks to distribute. So at least a thousand innocent people starved to death.
Extracted from http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-its-not-just-dominique-strausskahn-the-imf-itself-should-be-on-trial-2292270.html
Other examples: http://en.wikipedia.org/wiki/International_Monetary_Fund#Impact_on_access_to_food