Follow us on...
Follow us on Twitter Follow us on Facebook Watch us on YouTube
Register
Results 1 to 5 of 5
  1. #1
    Atomic Punk
    Join Date
    01.29.02
    Age
    49
    Location
    somewhere over the rainbow
    Posts
    22,946
    Last Online

    12.11.17 @ 04:37 PM
    Likes
    842
    Liked 1,229 Times in 448 Posts

    Default World Bank Under Cyber Siege in 'Unprecedented Crisis'

    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.

    The crisis comes at an awkward moment for World Bank president Robert Zoellick, who runs the world's largest and most influential anti-poverty agency, which doles out $25 billion a year, and whose board represents 185 member nations. This weekend, the bank holds its annual series of meetings in Washington — and just in advance of those sessions, Zoellick called for a radical revamping of multilateral organizations in light of the global economic meltdown.

    Zoellick is positioning himself and the bank as an institution that can help chart a new path toward global financial stability. But that reputation, more than ever, depends on the bank's stable information infrastructure.

    The fact that the information vaults of the World Bank have been repeatedly pried open won't help Zoellick's case.

    While it remains unclear how much data has been pilfered from the bank, it's a lot. According to internal memos, "a minimum of 18 servers have been compromised," including some of the bank's most sensitive systems — ranging from the bank's security and password server to a Human Resources server "that contains scanned images of staff documents."

    One World Bank director tells FOX News that as many as 40 servers have been penetrated, including one that held contract-procurement data.

    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.

    Meanwhile, the bank's treasurer, Kenneth G. Lay, has been briefing Zoellick's senior management team regularly on the situation since April.

    Other bank officials are also sleuthing. The bank's chief information officer, Guy De Poerck, has engaged Price Waterhouse Coopers to do a confidential million-dollar assessment that is expected to tell him what's going on in his own department. And a 22-page internal report by a computer security company named MANDIANT, dated August 18, fleshes out many details of the June-July breaches. But very few people have ever seen the report, and nobody has been permitted to retain a paper copy.

    At the same time, De Poerck has been downplaying the problem to the bank's 10,000 rank-and-file staffers as mere intrusion "attempts" in his e-mails. Yet most of those staffers have been asked to change their password three times in the past three months.

    "As previously reported in mid-July," CIO De Poerck and a senior bank treasury official wrote in an August announcement to employees, "we would like to reassure you that there is no evidence that Bank staff personal information is at risk from the recent external attempts."

    It's unclear how that statement squares with an internal memo to De Poerck a month earlier revealing that a sensitive Human Resources server "that contains scanned images of staff documents" had been successfully breached. De Poerk declined to comment to FOX News about any of these details.
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Hot sauce on everything Red's Avatar
    Join Date
    08.07.03
    Age
    47
    Location
    North Carolina
    Posts
    5,864
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    Hear About It Later
    Last Online

    12.06.17 @ 06:36 AM
    Likes
    304
    Liked 119 Times in 56 Posts


    Premium Member

    Donor

    Default

    Quote Originally Posted by voivod View Post
    Meanwhile, the bank's treasurer, Kenneth G. Lay
    What?

    Any relation?

  3. #3
    Good Enough Ace Ventura's Avatar
    Join Date
    01.07.04
    Age
    47
    Location
    New Hampshire
    Posts
    2,013
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    So this is love?
    Last Online

    01.01.13 @ 04:06 PM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    Quote Originally Posted by Red View Post
    What?

    Any relation?
    No relation. I believe the other Mr. Lay is in jail right now...


    Kenneth G. Lay is Treasurer of the World Bank. In this capacity he leads the teams of finance professionals that manage more than $70 billion in reserves and other funds for the World Bank and other official-sector investors, carry out the World Bank’s financing program in international and domestic bond and derivatives markets, conduct asset and liability management for the World Bank’s balance sheet, oversee development and outreach related to the financing and hedging products the Bank provides for its developing-country clients and collaborate with World Bank member countries to help build their capacity in public debt and national wealth management.



    Earlier in his World Bank career he served as director of the Bank's operations in several countries in Southeastern Europe and as head of its financial sector practice. Prior to joining the World Bank in 1982, he was an enforcement lawyer with the U S Securities and Exchange Commission, heading its branch of corporation finance enforcement.



    Mr. Lay also serves on the World Bank Group Pension Finance Committee. He is a member of the State Bar of California and holds a Chartered Financial Analyst designation from the CFA Institute.
    "It doesn't mean that much to me to mean that much to you..." -Neil Young

    "The sun's not yellow, it's chicken." -Bob Dylan

    "If you go out and buy a Van Halen record and put it in your collection, it'll melt your other records." -David Lee Roth, 1981.

    Guy of Gisborne: Why a spoon, cousin? Why not an axe?
    Sheriff of Nottingham: Because it's DULL, you twit!!! It'll HURT MORE!!!

  4. #4
    Unchained gavs5150's Avatar
    Join Date
    02.06.03
    Age
    42
    Location
    Cincinnati, OH
    Posts
    527
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    Hear About it Later
    Last Online

    05.09.15 @ 09:17 PM
    Likes
    10
    Liked 8 Times in 4 Posts

    Default

    Quote Originally Posted by Ace Ventura View Post
    No relation. I believe the other Mr. Lay is in jail right now...
    .
    Actually, he died in 2006.

  5. #5
    Good Enough Ace Ventura's Avatar
    Join Date
    01.07.04
    Age
    47
    Location
    New Hampshire
    Posts
    2,013
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    So this is love?
    Last Online

    01.01.13 @ 04:06 PM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    Quote Originally Posted by gavs5150 View Post
    Actually, he died in 2006.
    Oh, that's right! Didn't he bite it just before he was supposed to go to jail??? .....bastard got off easy.....
    "It doesn't mean that much to me to mean that much to you..." -Neil Young

    "The sun's not yellow, it's chicken." -Bob Dylan

    "If you go out and buy a Van Halen record and put it in your collection, it'll melt your other records." -David Lee Roth, 1981.

    Guy of Gisborne: Why a spoon, cousin? Why not an axe?
    Sheriff of Nottingham: Because it's DULL, you twit!!! It'll HURT MORE!!!

 

 

Similar Threads

  1. Cyber Sex?!? Excerpts From A Prankster's Chats
    By Buckeye in forum VH Fans Meeting Place (Non-Music)
    Replies: 8
    Last Post: 09.08.06, 07:31 AM
  2. Cuban Missile crisis VS 9/11
    By againstthewind in forum VH Fans Meeting Place (Non-Music)
    Replies: 16
    Last Post: 09.04.06, 12:42 PM
  3. Fender Cyber-Twin
    By AC1Chuck in forum Guitar Room
    Replies: 2
    Last Post: 07.02.02, 08:04 PM
  4. Cyber sex not realistic enough for ya?
    By Test5150 in forum VH Fans Meeting Place (Non-Music)
    Replies: 22
    Last Post: 12.24.01, 01:17 PM
  5. California energy crisis?
    By Bassman in forum VH Fans Meeting Place (Non-Music)
    Replies: 8
    Last Post: 03.30.01, 12:33 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •