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Controversy As Hackers Attack Central Bank, Steal $17 Million

by Our Reporter
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The theft of $17million from the Ugandan Central Bank has left controversies across the country on who is actually responsible for the theft.

 

Earlier a report by New Vision noted that hackers breached the Ugandan central bank’s systems and stole 62 billion shillings ($17 million) from its accounts.

 

Citing sources, the paper reported that the attack on the Bank of Uganda was carried out by a group known as “Waste” based in Southeast Asia, the Kampala-based newspaper said on Thursday, citing people it didn’t identify.

 

However a report by Daily Monitor noted that 47.8 billion shillings was stolen while the money was taken away in September into two accounts in Japan and the UK.

 

The fraud was an “inside job” and several employees at the central bank and the finance ministry have been questioned, the paper said.

 

Investigators are also said to be taking the case as an inside job.

 

The position is also in line with findings by the Bank of Uganda audit report.

 

Although after the incident, the bank announced that it recovered about 37billion shillings of the amount taken, it said.

 

Investigations are said to still be ongoing on the development.

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