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According to recent reports, The World Bank has effectively removed a vice president who served as its chief information officer while struggling to deal with a series of embarrassing cyberattacks. The World Bank Group's network, which had been raided repeatedly by outsiders for more than a year, is one of the largest repositories of sensitive data about the economies of every nation.

Servers in the institution's highly restricted Treasury unit were deeply penetrated with spy software, and the invaders also had full access to the rest of the bank's network for nearly a month in June and July, sources say. At least six major breaches have been detected at the World Bank since the summer of 2007, with the most recent breach occurring just last month.

Read full story: FOX News

Related topics: Cyberattack, Cybercrime, Security