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Uganda’s finance ministry confirmed media reports that hackers breached the central bank’s systems and stole money, but refuted the claims to steal the money as much as $17 million.
Uganda’s Minister of State for Finance, Henry Musasizi, addressed media reports alleging that a Southeast Asian hacker group hacked the Bank of Uganda and stole as much as $17 million, reported by the The Record.
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Uganda confirms hack of central bank accounts, Refutes $17 Million Claim
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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.
Finance State Minister Henry Musasizi confirmed the hack and stated that the Criminal Investigations Department and the Auditor General are investigating the incident.
“It is true our accounts were hacked into but not to the extent of what is being reported. When this happened, we instituted an audit and at the same time, and investigation,” he told parliament on Thursday.
“To avoid misrepresentation of facts, I wish to indulge the House that we be patient that when the audit is finalised, which is now at the tail-end, I come and report.”
Reuters reported, “The hacking group, based in Southeast Asia, sent part of the stolen money to Japan, New Vision said, citing unnamed sources at the bank.”
New Vision said the central bank had successfully recovered over half of the money from the hackers.
Uganda’s biggest independent newspaper, Daily Monitor, reported earlier that ” Investigations by this publication and security agencies have established that the loss of billions of shillings at the Bank of Uganda may have been an insider job orchestrated through collusion, contrary to earlier reports that the bank’s systems were breached.”
Source: Reuters, Daily Monitor, The Record
