Ugandan Central Bank Suffers $17 Million Hack Africa Business News podcast

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Ugandan Central Bank Suffers $17 Million Hack

1d ago 1:03

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Hackers stole $16.8 million from the Bank of Uganda. A group of Asia-based hackers code-named “Waste” accessed the central bank’s IT systems and illicitly transferred the funds in early November. The hacker group sent parts of the money back to Japan and the UK. The bank is questioning several of its employees and the Ministry of Finance. While the Central Bank claims it is recovering the lost funds, the episode continues an uptick in cyber-attacks in Uganda since COVID-19. In 2022, Uganda lost approximately UGX 15 billion ($4 million) due to cyber-related incidents, with financial institutions being primary targets.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

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Ugandan Central Bank Suffers $17 Million Hack

Africa Business News

published 1d ago

Del

MP3•Episoder hjem

Innhold levert av Africa Business Radio. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Africa Business Radio eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Hackers stole $16.8 million from the Bank of Uganda. A group of Asia-based hackers code-named “Waste” accessed the central bank’s IT systems and illicitly transferred the funds in early November. The hacker group sent parts of the money back to Japan and the UK. The bank is questioning several of its employees and the Ministry of Finance. While the Central Bank claims it is recovering the lost funds, the episode continues an uptick in cyber-attacks in Uganda since COVID-19. In 2022, Uganda lost approximately UGX 15 billion ($4 million) due to cyber-related incidents, with financial institutions being primary targets.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.

… continue reading

1000 episoder

#News #Africa Business Radio

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