Cyber attack tied to China boosts development bank's chief

  • 📰 AP
  • ⏱ Reading Time:
  • 88 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

A previously unreported cyberattack tied to China against the Inter-American Development Bank in late 2019 is bringing new attention to that country’s role in the lending institution.

FILE - In this Jan. 15, 2020 file photo, Mauricio Claver-Carone, deputy assistant to President Donald Trump and senior director for Western Hemisphere affairs, right, arrives to meet with Bolivia's Foreign Minister Karen Longaric in La Paz, Bolivia. Claver-Carone was elected as the new president of the Inter-American Development Bank in the fall of 2020.

But the attackers persisted, and as officials gathered for a day of conferences with athletes, academics and celebrity chefs the bombardment intensified.Details of the attack, which has not been previously reported, are contained in an IDB internal document reviewed by The Associated Press. In curtailing China’s influence, Claver-Carone is looking to curry favor with Democrats who question his leadership but share his mistrust of Beijing. If he succeeds, they can help him deliver on what was the main pledge of his unorthodox candidacy: U.S. support for a capital increase so the bank can help the region dig out from a pandemic-induced recession that’s the worst in more than a century.

As far as cyber-disruptions go, the attack against the IDB was too small to generate concern beyond the bank. Last year, more than 10 million similar distributed denial of service attacks were observed throughout the world, according to digital security firm NETSCOUT.

But then “the attackers switched tactics and started to throw requests from more than 15,000 IP addresses spread throughout China,” according to the internal document. “By Tuesday 24th evening all income traffic from China was blocked, a decision the allowed us to come back online.” China’s foreign ministry didn’t respond directly to questions about whether the government knew about the incident at the IDB or was involved but said in a statement that it strongly opposes cyber attacks

China is also the second-largest non-borrowing shareholder in IDB Invest, the bank’s private lending arm, with nearly 6% of shares, thanks to a reorganization in 2015 when the Obama administration refused to pony up additional resources and saw the U.S.’ stake diluted to 13%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MingGao26

'tied to China' [sic] The Associated Press is turning into the Associated Propaganda nowadays with this kind factless garbage, debunked by anybody having a clue.

Hi you see this :

clearing_fog sisu_sanity

'Accuse the other side that which you are guilty” - Joseph Goebbels, Nazi Propaganda Minister

When I was a newbie I really lost all my investment cause I was new and didn't meet the right account manager to invest with . I was at the verge of quitting till I was introduced to Mr Claw and my story changed. its worth a try I can testify on this platform CLAWLEACH0

Claver-Carone should be replaced. Anyone connected with Trump shouldn’t be in the Biden administration. It’s that simple.

Now report on US Govt cyber attacks against other countries.

Germany: an average of 1738 hours of sunlight per year California: 3470 hours Latitude: 🇩🇪 51.1 🇺🇸 36.7, Solar angle is better when less Is it a good idea to invest in 53GW Solar in 🇩🇪 which gives 5% capacity factor for the last 5 months? Data in next hidden comment:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cyber attack tied to China boosts development bank's chiefMIAMI (AP) — The cyberattack crested just as finance officials from across Latin America were descending on Washington to commemorate the 60th anniversary of the Inter-American Development... China stole my lunch money When I was a newbie I really lost all my investment cause I was new and didn't meet the right account manager to invest with . I was at the verge of quitting till I was introduced to Mr Claw and my story changed. its worth a try I can testify on this platform CLAWLEACH0 And their worried about Tesla spying. What other horrific events did these monsters from China and Russia commit while that it was our president and we didn't know.
Source: AP - 🏆 728. / 51 Read more »