Hackers steal Sh2.1 billion from Uganda central bank

The hacking group based in Southeast Asia, sent part of the stolen money to Japan, New Vision said, citing unnamed sources at the bank.
Offshore hackers stole 62 billion Ugandan shillings ($16.8 million or Sh2.1 billion) from Uganda's central bank, the state-owned New Vision newspaper reported on Thursday.
The hackers, identifying themselves as "Waste," reportedly accessed the Bank of Uganda's IT systems and illicitly transferred the funds earlier this month.
More To Read
- Court releases Rose Njeri on bond amidst controversy over crackdown on digital dissent
- Stakeholders warn Sh20 million fines in cybercrime Bill threaten freedom of expression online
- Uganda activist Nyanzi returns to Germany after Nairobi standoff, cites harassment by authorities
- Uganda’s exports to Kenya decline by 65%, marking sharpest drop in six years
- Uganda cuts defence cooperation with Germany, citing subversive actions by envoy
- Kenya records surge in cybercrime with 82 per cent targeted, gaming sector most hit - report
The hacking group based in Southeast Asia, sent part of the stolen money to Japan, New Vision said, citing unnamed sources at the bank.
Bank of Uganda did not immediately respond to a Reuters request for comment on the matter. The Ugandan police also did not respond to a request for comments.
New Vision said the central bank had successfully recovered over half of the money from the hackers. In response to the cyber attack, President Yoweri Museveni has ordered an investigation, it said.
Separately Uganda's biggest independent newspaper, Daily Monitor, reported that the theft may have involved collusion by insiders.
Cyber thefts from banks and other financial service providers, including telecom firms, have occurred many times in Uganda. However, police officials have said that some banks are hesitant to publicly acknowledge such incidents due to fears of alienating customers. ($1 = 3,685.0000 Ugandan shillings)
Top Stories Today