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News

IMF Hack Public Announcement a Positive Sign of Transparency

BAE Systems Applied Intelligence : 14 June, 2011  (Technical Article)
Detica comments on the recent cyber-attack on the IMF and the organisation's response to it with public revelation
IMF Hack Public Announcement a Positive Sign of Transparency

Henry Harrison, Technical Director at Detica, comments in response to the IMF’s announcement that it has been the victim of a cyber attack.

 

Henry sees it as positive for an organisation as large as the IMF to publically announce this, since so many similar attacks go undetected.


"The reported cyber attack on the IMF demonstrates the extreme range of potential motivations for cyber attackers. Whatever business you're in - music, banking or international policy - no organisation or company can assume it is safe. This attack shows it's not just about gaining access to customer records any more - it's about any sort of confidential information that might prove valuable to a third party.


"What's encouraging is to see organisations such as the IMF making public announcements about successful attacks on them, when we know that many more such incidents go unreported - and an even larger number go undetected. Gradually, organisations are coming to the realisation that they either need to prioritise their resources and protect their valuable information in new ways, or else accept that their information is far less confidential than they had hitherto believed" said Henry Harrison, Technical Director at Detica.

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