Offshore hackers stole USh62-billion (R305-million) from Uganda’s central financial institution, the state-owned New Imaginative and prescient newspaper reported on Thursday.
The hackers, figuring out themselves as “Waste”, reportedly accessed the Financial institution of Uganda’s IT methods and illicitly transferred the funds earlier this month.
The hacking group based mostly in Southeast Asia despatched a part of the stolen cash to Japan, New Imaginative and prescient stated, citing unnamed sources on the financial institution.
The Financial institution of Uganda didn’t instantly reply to a request for touch upon the matter. The Ugandan police additionally didn’t reply to a request for remark.
New Imaginative and prescient stated the central financial institution had efficiently recovered over half of the cash from the hackers. In response to the cyberattack, President Yoweri Museveni has ordered an investigation, it stated.
Individually Uganda’s greatest unbiased newspaper, Each day Monitor, reported that the theft might have concerned collusion by insiders.
Learn: NSA chief accuses China of ‘very aggressive’ hacking technique
Cyber thefts from banks and different monetary service suppliers, together with telecommunications corporations, have occurred many instances in Uganda. Nevertheless, police officers have stated that some banks are reluctant to publicly acknowledge such incidents as a consequence of fears of alienating clients. — Elias Biryabarema, (c) 2024 Reuters
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