September 28, 2016

International Monetary Fund Hit By Large and Sophisticated Cyberattack

The IMF has come under a large and sophisticated cyberattack which could be the work of a “nation state.” According to the BBC, officials at the fund gave few details but said the attack earlier this year had been “a very major breach” of its systems.

The New York Times said IMF staff had been told of the intrusion on Wednesday by an e-mail that warned of “suspicious file transfers” that had been detected and that an investigation had shown a desktop at the Fund had been “compromised and used to access some Fund systems”.

Asked about the reports of the computer attack late Friday, David Hawley, a spokesman for the fund, declined to provide details or talk about the scope or nature of the intrusion, however he did confirm that they were “investigating an incident.”

The International Monetary Fund (IMF) is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.