Uganda's Central Bank Confirms Cyberattack and Investigation

Uganda’s central bank hacked, $17 million reportedly stolen. Ugandan officials confirmed that the Bank of Uganda was targeted by cybercriminals, with reports suggesting a Southeast Asian hacker group may have stolen up to $17 million. Minister of State for Finance, Henry Musasizi, acknowledged the breach but did not verify the reported amount, urging patience as an audit and investigation are underway. A report on the incident is expected in about a month. Meanwhile, British authorities have frozen approximately $7 million linked to the hack, although some funds have already been withdrawn. Concerns have been raised by Ugandan officials regarding the security of the central bank, with opposition leader Joel Ssenyonyi emphasizing the need for transparency and accountability in light of frequent cyberattacks on financial institutions.