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World bank denies cyber breaches

Following claims by Fox News that the World Bank Group's computer network had been subjected to a series of online security breaches for more than a year; the institution has denied the report.

According to Fox News' detailed report, how much information was stolen is unknown but insiders confirmed that there were some incidents targeting "the institution's highly-restricted treasury unit".

Fox claims since the summer of 2007 there have been up to six "major intrusions" with two originating from China.

Reacting to the allegation, the Bank said the report was "wrong and is riddled with falsehoods and errors" and uses "misinformation from unattributed sources and leaked emails that are taken out of context".

"Like other public and private institutions, the World Bank has repeatedly experienced hacking attacks on its computer systems and is constantly updating its security to defeat these," it said.

"But at no point has a hacking attack accessed sensitive information in the World Bank's Treasury, procurement, anti-corruption or human resources departments."

The website holds sensitive data about the economies of every nation.

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