IMF hack opens door to global market fraud

International Business Times
June 12, 2011

The IMF security breach is bearing hallmarks of a sophisticated and targeted cyber-attack, putting sensitive global financial data at risk that may be used to manipulate markets.

The International Monetary Fund collects sensitive information about the financial systems of its 187 member nations.

If leaked, some data in IMF computer systems could be used to manipulate or profit from bonds and currencies around the world.

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This article was posted: Sunday, June 12, 2011 at 7:36 pm

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