Satyam computers have been banned by Word Bank to do any offshore work with them. Forensic research showed that few computers at World bank had spy software installed. As per forensic agents reports, they were secretly installed by one or more contractor from Satyam. They said that software who log every key of the workstation were installed. It is not yet clear whom the information being sent but after discovering this server security compromise, the bank had shut the link between World Bank and Satyam Computers - Chennai.

Fox News claims that outsiders have raided the World Bank Group's computer network, one of the largest repositories of sensitive data about the economies of every nation, repeatedly for more than a year. It is still not known how much information was stolen. But sources inside the bank confirm that servers in the institution's highly restricted treasury unit were deeply penetrated with spy software last April. Invaders also had full access to the rest of the bank's network for nearly a month in June and July.

In 2003, Satyam won a lucrative five-year "sole source" contract to design, write and maintain all of the World Bank's information systems. The contract, which began at $10 million, had grown to over $100 million by 2007. This year, the contract was not renewed.

While responding on this news, Satyam denies the possibility of any data theft. They said that they maintain a high level of standard while their operations. The news speculated by meida has no validity.

Interestingly, later after the news broadcast from fox news, Bank spokesperson clarified that the “story is wrong and is riddled with falsehoods and errors. The story cites misinformation from unattributed sources and leaked emails that are taken out of context.”

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I dont think, that such a company would have dealt with customer datas so carelessly. The actual reason could be something else, like client dissatisfaction or any business policies violations etc. But that need not be rumoured in such a colocial term. Let's see what Satyam's next step is. Satyam will prove its position and win confidence again. Hope so.

its very sad to see the india's one of the top it industry is facing such a big fall.....Raju have proved the phase....Own bad fish can spoil the whole pond