Massive cyber-heist in Uganda! Authorities have detained nine finance ministry officials over a $16.87 million hack targeting the central bank’s IT systems. The cybercriminals, allegedly operating under the alias Waste, infiltrated accounts and funneled funds out. Investigations are ongoing, with top Treasury officials under scrutiny.
Key Points:
- Cyber Heist Uncovered: Bank of Uganda’s systems hacked, 62 billion UGX ($16.87M) stolen.
- Inside Job? Nine finance ministry officials detained, including senior Treasury staff.
- Police Investigation: Criminal Investigations Department (CID) leading the probe; suspects questioned.
- Hackers Identified? Group calling itself “Waste” allegedly behind the attack.
- Authorities Silent: Government refuses to disclose suspect names; police spokesperson confirms the arrests.
Short Narrative:
Uganda is facing a major cybercrime scandal! Nine finance ministry officials, including top Treasury personnel, are in police custody over an audacious hack of the Bank of Uganda’s electronic systems. Reports indicate that a cybercriminal group known as “Waste” infiltrated the bank’s IT infrastructure, siphoning billions in state funds. While the finance ministry stays tight-lipped, the police have confirmed the arrests, fueling suspicions of an inside job.
Actionable Insight:
With cybercrime surging in Africa’s financial sector, this case raises urgent questions about Uganda’s cybersecurity protocols. The Bank of Uganda’s IT vulnerabilities may expose deeper corruption and potential collusion within government ranks. Who really benefited from this breach? A deeper forensic audit is crucial.
Call for Information:
Have insights on financial cybercrime in Uganda? Know more about “Waste” or suspect links to global cyber gangs? FinTelegram wants to hear from you! Anonymity guaranteed.
