In a brazen cyberattack, hackers infiltrated the systems of the Bank of Uganda, stealing $17 million. The incident has raised questions about the country’s cybersecurity defenses and sparked outrage among citizens. Authorities confirmed the breach and are collaborating with international experts to investigate and recover the funds.
Preliminary findings suggest the hackers exploited vulnerabilities in the bank’s IT infrastructure, gaining unauthorized access to sensitive accounts. The stolen funds were reportedly transferred through multiple offshore accounts, making the recovery process complex. Experts warn that this attack could erode public confidence in the financial sector.
The Ugandan government has pledged to strengthen its cybersecurity protocols to prevent future breaches. Critics, however, have called for greater accountability and transparency in managing public funds. The central bank has assured the public that critical systems have been secured, but the attack has sparked a national debate on digital security readiness.
