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Uganda confirms hack of central bank accounts, official downplays extent of loss

In Data Breach News, Finance
December 03, 2024

On November 28, Reuters reported:

A senior official at Uganda’s finance ministry confirmed that accounts in the country’s central bank had been hacked but he downplayed the extent of the losses.

The Bank of Uganda had said late on Thursday it was awaiting a police investigation into a news report that offshore hackers stole 62 billion Ugandan shillings ($16.8 million) from the central bank.

State-owned New Vision newspaper reported on Thursday that hackers, identifying themselves as “Waste”, accessed the Bank of Uganda’s IT systems and illicitly transferred the funds earlier this month.

Read more at Reuters.