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"I would rather not be a villain -- I would rather be Octopussy," Rimington said, referring to Maud Adams' character in the 1983 film of the same name.
Rimington retired from MI5 in 1996 and used her experience to become a novelist writing a series of spy thrillers starring heroine Liz Carlyle.
"I wanted to try to rescue spy stories from the idea of one man up against a baddie," she told the festival audience. "James Bond goes to see M and she shows him a very thin file with a photograph on the front and says, 'Off you go and kill that man'. In fact, it's not like that at all."