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Uganda confirms cyberattack on central bank but minimizes extent of breach

Category Details
Threat Actors Financially-motivated cybercriminals, possibly linked to a Southeast Asian hacker group.
Campaign Overview Cyberattack on Uganda’s central bank (Bank of Uganda), with unconfirmed reports of $17 million stolen.
Target Regions (Victims) Uganda (Central Bank – Bank of Uganda).
Methodology Likely included unauthorized access to bank accounts and transferring stolen funds internationally.
Product Targeted Central Bank systems and financial accounts.
Malware Reference Not explicitly mentioned in the report.
Tools Used Not specified; possibly tools for unauthorized account access and fund transfer.
Vulnerabilities Exploited Likely weaknesses in central bank systems or account security measures.
TTPs Unauthorized fund transfers to international accounts (Japan, UK); immediate withdrawal of stolen funds to avoid detection.
Attribution Southeast Asian hacker group suspected; no confirmation provided yet.
Recommendations – Strengthen cybersecurity measures for financial institutions.
– Conduct an urgent audit of central bank systems.
– Improve monitoring of international transactions.
– Cooperate with international financial regulators to recover stolen funds.
Source The Record

Read full article: https://therecord.media/uganda-cyberattack-central-bank

Disclaimer: The above summary has been generated by an AI language model

Source: The Record

Published on: November 29, 2024

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