Mobile Money Hacker are still in the Country, still Hunted by Police.
Uganda’s police
are searching for hackers who accessed the systems of a third party that
processes phone-based transactions, with companies affected including MTN Group
and Standard Bank Group’s local units.
The fraudsters got into the mobile-money systems and stole funds,
according to Charles Twine, spokesman for the Criminal Investigation
Department. Investigations will help identify how the systems were hacked, the
people involved and the amount of money stolen, he said.
The “system incident” at the third party “impacted bank-to-mobile
money transactions,” MTN Uganda, Stanbic Bank Uganda and Airtel Africa’s local
unit said in a joint statement.
Mobile money, as it’s known, is popular in Africa for making
payments for everything from groceries to utility bills, with options...
