IMF Becomes Latest Hacking Victim

The IMF has become the latest major organisation to be targeted by a sophisticated cyber-attack.  The attack which started earlier this year was designed to install software creating a, ‘digital insider presence’. An internal IMF email revealed that, ‘suspicious file transfers had been detected’. According to the New York Times emails and other sensitive documents were hacked into.

The attack is believed to have taken place over several months. The IMF was reluctant to give details about the attack but they did confirm an incident was being investigated. They also said the fund remained fully active. However, according to the Metro, one unnamed IT official at the organisation described the attack as a ‘very major breach’. Cyber security experts have speculated that a foreign government is behind the attack.

The attack follows similar incidents at Sony, Google and Citigroup during the last few months. The FBI has said it is planning a major step up in efforts to combat cyber-attacks. CIA director Leon Panetta told the US congress earlier this week that he fears a major cyber-attack which cuts off power, security and government systems.

 

IMF Chief Denied Bail: Second Woman Alleges Sex Assault

IMF chief Dominque Strauss-Kahn has been remanded in custody on charges of sexual assault. He was arrested on Saturday after being accused of trying to rape a hotel maid.

Mr Strauss-Kahn, a presidential candidate for France’s 2012 elections, denies the allegations. He has been refused bail after a New York judge ruled he posed a ‘flight risk’.

If found guilty, Mr Strauss-Kahn could face up to 20 years in prison. Just today, (16th) another woman has come forward accusing him of sexual assault. Tristane Banon accused Mr Strauss-Kahn of trying to rape her, after luring her to a Paris flat on the pretence of a job interview back in 2002. She has described him as a ‘rutting chimpanzee’.

Until his arrest, Strauss-Kahn was considered the favourite to become the socialist candidate for the French presidential race next year.

The allegations have also had a detrimental effect on the world’s financial markets. Investors are concerned about a potential Greek default. Analysts had believed that Mr Kahn would lead the IMF in helping to support and stand by Europe. This has now been thrown into question following the allegations and it weighed heavily on European markets in early trading today.