mavii

Lists what Uganda top business executives fear more than theft, fraud, corruption COVER STORY | RONALD MUSOKE | A cyber-attack event is the top-most business risk for Ugandan business executives this year, according to a new survey published on Jan.23 by Allianz Group’s corporate insurer affiliate, Allianz Commercial. Cyber-attacks which include incidents such as ransomware attacks, …

Offshore hackers stole 62 billion Ugandan shillings ($16.8 million) from Uganda's central bank. The hacking group 'Waste' breached the Bank of Uganda's IT systems and transferred a portion of the stolen money to Japan. Cyber thefts targeting banks and financial service providers are common in Uganda.

Uganda's cybersecurity landscape is facing unprecedented threats, with reported cybercrimes skyrocketing by 50% from 2021 to 2022. ... Milima Security said the current state of cybersecurity in Uganda is a growing concern as the country faces increased cyber threats, digital fraud, and attacks targeting both public and private sectors.

Cybersecurity is a cornerstone of UCC’s regulatory mandate, and our Cybersecurity Reports underscore our commitment to safeguarding Uganda’s digital landscape. These reports delve into the ever-evolving cyber threats, vulnerabilities, and best practices for protecting critical infrastructure and data.

The Uganda Police Annual Crime and Road Safety Report of 2019 showed more than 41 billion Ugandan Shillings ($11m) was lost to criminals through cyber crimes including swapping SIM cards and ...

The attack affected more than 200,000 computers in over 150 countries. However, a cybersecurity expert in England discovered a kill switch in the ransomware's code, which stopped it from spreading ...

According to Cyber security Ventures, the global cost of cyber attacks is projected to reach $9.5 trillion in 2024, underscoring these attacks' severity and widespread impact. This figure is only ...

It found there were increased cyber-attacks in 2020 informed by growing ... The report noted there was a more than 30 per cent increase in remote connections in Uganda since the onset of Covid-19 ...

This attack is part of a worrying trend of cyber. thefts targeting financial institutions and telecom companies in Uganda, signaling a growing threat to the sector. Rising Security Concerns. Cybersecurity experts have warned of an increasing susceptibility to cyber threats among financial institutions in Uganda.

Uganda has faced recurring cyber theft incidents, particularly targeting financial and telecom sectors. Analysts note that many banks often avoid publicising such breaches to prevent damaging ...

Among the most serious attacks in Uganda last year was the mobile money heist, in which it is alleged telecom companies and banks including MTN, Airtel, Stanbic and Bank of Africa were robbed of Shs7b. ... It found there were increased cyber-attacks in 2020 informed by growing remote connections, which rose by over 30 per cent in Uganda.A ...

Experts have warned that there is a rise in cybercrime in the country, with pleas to Ugandans to be alert. Speaking during the launch of this year’s October Cybersecurity awareness month in Kampala, Emmanuel Chagara, the CEO of Milima Security said the current state of cybersecurity in Uganda is a growing concern as the country faces increased cyber threats, digital fraud, and attacks ...

LYON, France — Authorities in seven African countries have arrested 306 suspects and seized 1,842 devices in an international operation targeting cyber attacks and cyber-enabled scams. The arrests were made as part of Operation Red Card (November 2024 – February 2025) which aims to disrupt and dismantle cross-border criminal networks which ...

The 2024 cyber attack by Anonymous Sudan On February 6, 2024, several telecom companies were hit with coordinated Distributed Denial of Service (DDoS) attacks. ... Hackers breach Bank of Uganda, steal $17 million BI Africa. Anonymous Sudan claimed responsibility for the assaults, asserting that the hacks were directed at firms believed to be ...

Cyber attacks have been on a rise in recent years in both their frequency and ferocity. Ugafode Microfinance Limited—a Uganda-based micro deposit-taking institution—lost Ush400 million (about $100,000) to black hats this year.

A cyber-attack will disrupt Uganda worse than the next pandemic: Let’s prepare Letters Nov 21 The global scope of this challenge is reflected in FBI statistics, with their Internet Crime ...

It is important to note that in an effort to deal with cybersecurity threats such as cybercrime, malware attacks and cyber espionage, the government of Uganda enacted cyber security laws to curb these threats. It also established both the legal and institutional mechanisms or offices to deal with these threats.

Additionally, cyber-attacks against citizens increased as more Ugandans embraced the new methods of working and conducting businesses digitally. According to the Africa Cyber Security Outlook 2022 report by KPMG, there has been a spike in digital security breaches, most notably in the financial services industry putting the data privacy of ...

In the escalating battle against cybercrime, the financial toll is becoming alarmingly clear. In 2023 alone, a staggering shs1.5 billion was siphoned away in a series of devastating cyber-attacks, the Uganda Police annual crime report 2023 reads. "Cybercrimes led to a loss of Ushs1,543,292,161 in 2023, out of which Ush377,441,465 was recovered," the report reads

Protecting critical infrastructure like power grids, financial systems, and healthcare from cyber attacks is a priority for Uganda. The government is working with relevant sectors to improve their cyber security defences. This includes implementing security standards, conducting risk assessments, and developing incident response plans.