Tech & Gadgets

Ugandan central bank robbed, blames ‘hackers’


  • Local media reported that hackers broke into the Ugandan bank’s IT system and transferred $16.8 million
  • Subsequent investigation reveals a fraud scheme, with the “hacking” being a cover-up
  • Some of the money was recovered

An organized crime group appears to have stolen millions of dollars from Uganda’s central bank and then concocted a story about hacking the bank to cover their tracks.

A report from a local media publication, The monitornotes how news recently emerged of a Southeast Asian threat actor called Waste, which apparently broke into the bank’s IT infrastructure and used the access to steal approximately US$16.8 million (62 billion Ugandan shillings) from the country to send out.

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