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This will be brief but Fox News (I know, I know!) is reporting that the World Bank has been hacked.

According to this report, the World Bank has been hacked at least a dozen times over the last 12 months.  Clearly this is a major development.  It is unreported what data has been compromised.  My question is "Why are we only learning about this now?"  If this has been going on for a year why haven't they been able to stop the hacking?  I am not a fiancial person but this seems pretty significant to me.  I'm sure someone with more knowledge can explain why this is important and what this means to the financial community which has enough problems.

Originally posted to Angelo Mysterioso on Fri Oct 10, 2008 at 02:35 PM PDT.

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Comment Preferences

  •  Whaaaaa? (1+ / 0-)
    Recommended by:
    MKSinSA

    Linky?

  •  Reason it has gone unreported until now (3+ / 0-)
    Recommended by:
    ksh01, God loves goats, ballerina X

    they didn't have anything to take.  

    "War is Peace, Freedom is Slavery, Ignorance is Strength", George Orwell, "1984" -7.63 -5.95

    by dangoch on Fri Oct 10, 2008 at 02:38:14 PM PDT

  •  Not a diary. You should delete and enter comment (4+ / 0-)
    Recommended by:
    peraspera, kalmoth, HiBob, wondering if

    on an open thread. Doesn't matter if it's interesting.

    McCain is.... tossing lighted matches into a tinder dry forest. Someone is going to get burned. -Devilstower

    by Gorette on Fri Oct 10, 2008 at 02:38:18 PM PDT

  •  Not a big deal... ignore (0+ / 0-)

    I'm "That One", too! Are you?

    by Jimdotz on Fri Oct 10, 2008 at 02:39:07 PM PDT

  •  Web site was hacked... (5+ / 0-)

    Who would Darth Vader vote for?

    by feloneouscat on Fri Oct 10, 2008 at 02:39:27 PM PDT

    •  Which is different than this link... (1+ / 0-)
      Recommended by:
      MKSinSA

      Who would Darth Vader vote for?

      by feloneouscat on Fri Oct 10, 2008 at 02:40:57 PM PDT

      [ Parent ]

      •  FOX has more... sorta... (1+ / 0-)
        Recommended by:
        Ronald Singleterry

        Here

        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.

        Only SIX? Hell, most companies get dinged more than that!

        Despite the gravity of the break-ins, the bank is trying hard to pretend to outsiders it didn't happen. "There were attempts to hack the bank's computer systems last summer," says a World Bank spokesman. "However, there was no compromise of confidential information." Requests for on-the-record interviews with Zoellick and other top officials were declined.

        Uh, editorial comment in bold? If they say there is no compromise take them at their word. Don't put words in their mouth...

        So what does this REALLY mean...

        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.

        Oh. Intelligence and financial information. So they're not, say, like stealing billions of dollars or euros or whatever is a viable currency today.

        Oh.

        I'm bored. Can I go home now?

        Who would Darth Vader vote for?

        by feloneouscat on Fri Oct 10, 2008 at 02:46:40 PM PDT

        [ Parent ]

  •  latest (4+ / 0-)

    UPDATE: After FOX News published its story, a World Bank spokesman issued the following statement:

    "The Fox News story is wrong and is riddled with falsehoods and errors. The story cites misinformation from unattributed sources and leaked emails that are taken out of context.

    "Like other public and private institutions, the World Bank has repeatedly experienced hacking attacks on its computer systems and is constantly updating its security to defeat these. But at no point has a hacking attack accessed sensitive information in the World Bank's Treasury, procurement, anti-corruption or human resources departments."

    http://www.foxnews.com/...

  •  Doubt there's much to get from the World Bank ... (3+ / 0-)

    website. Its not like they've got depositor accounts available for the taking.

    4180

  •  The World Bank is not a traditional "bank" (0+ / 0-)

    more of an aid organization.  Third-world dictators have more to be concerned about than we do if they get hacked.  Well, them and the economic hitmen that enable them...

    _______________________________
    Healing the universe is an inside job.

    by spotDawa on Fri Oct 10, 2008 at 02:54:50 PM PDT

  •  world bank doesnt have any money (0+ / 0-)

    (something literary, self-important and clever here, like high school yearbook blurb)

    by thinlizzie on Fri Oct 10, 2008 at 03:05:48 PM PDT

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