Monday, June 13, 2011

IMF cyber-attack is a case of French Revenge

The International Monetary Fund, the inter-governmental group that oversees the global financial system and brings together 187 member nations, has become the latest known target of a significant cyber attack. It has been suspected that the furious French supports of former IMF Chief Dominique Strauss-Kahn might have launched this assault on IMF for taking revenge for his humiliating exit.

The whole France feels dishonored after the Strauss-Kahn episode. Because the plea proceedings were carried live on French TV, and his lawyers were swift to paint his plea as some sort of grandiose proof of his innocence in and of itself.  "He pleaded not guilty," his lawyer said afterwards, assign, "That is a very eloquent, powerful statement that he made that denies the charges." 

In such an atmosphere, there are a lot of chances that some angry supporters and sympathizers of Strauss-Kahn might have decided to take revenge from IMF for his humiliating exit.

"It was a targeted attack," said Tom Kellerman, who has worked for both
the Washington-headquartered IMF and the World Bank, its sister institution, and who serves on the board of a group known as the International Cyber Security Protection Alliance. The code used in the IMF incident was developed specifically for the attack on the institution, said Kellerman, formerly responsible for cyber-intelligence within the World Bank's treasury team and now chief technology officer at Air Patrol, a cyber consultancy.

IMF spokesman David Hawley said Saturday the Fund was "fully functional," despite the attack. "I can confirm that we are investigating an incident," he said, adding that he was not in a position to elaborate on the extent of it. He declined to respond to requests for comment on Kellerman's conclusion about the intruders' goal.

The US Federal Bureau of Investigation is helping to investigate the attack on the IMF, according to a US Defense Department spokeswoman.

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