Africa

Hackers Attempts To Siphon $24 Million From Uganda Central Bank

Uganda Central Bank
Bank of Uganda

Government officials and hackers have unsuccessfully tried for the fourth time to siphon money from the largest budget holders in Uganda since July 2015 via Uganda central bank. The hackers targeted the accounts of the Defence, Energy, Agriculture ministries and the Uganda National Roads Authority (UNRA).

Bank of Uganda communications director Christine Alupo said: “The matter is the subject of an active investigation, so until that process ends we are not in a position to offer the details you are requesting for,”

“Yes, indeed all the funds were recovered from the United Arab Emirates and Hong Kong and are back in the custody of the Bank of Uganda.”

The first attempt aimed at the biggest amount happened in July 2015 and $12 million (Ush40 billion) was targeted. The plot was foiled, and the masterminds went below the radar, re-emerging in December 2015 to try to steal $2 million (Ush6.7 billion).

A month later, in January 2016, they made another attempt to fork out Ush8 billion but were detected in time before returning to compromise the system last month.

Although the Ministry of Finance first notified Uganda Police of the breaches 10 months ago, its detectives did not act immediately, prompting the military, whose budget was targeted, to swing into action and arrest three suspects who are in police custody.

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