Tag Archives: bank

US$13 Million Bank Heist

The Bank of Uganda is the country’s central bank. In November 2024, there was a heist at the bank. Initial reports suggested a cyberattack by hackers, but subsequent investigations and reports suggested an inside job. In a statement on its website, the bank said there was “fraudulent activity that resulted in international payments being diverted… Read More »

Theft Over 8 Years

In November 2024, the United States Attorney for the District of Connecticut announced that a man named Evan Bobzin was sentenced to 24 months of imprisonment, followed by three years of supervised release, for theft and tax offences related to stolen money totalling about 2 million US dollars. It was stated that from July 2013… Read More »

Rent Fraud

Many people in Kenya pay rent using mobile money. Around the end of the month, I usually receive messages such as the ones shown, pretending to be from my landlord, and asking me to pay my rent to a new account. I’m sure these messages are sent to many phone numbers, hoping that some will… Read More »

Unlimited Cash From Ethiopian Bank

In March 2024, the Commercial Bank of Ethiopia, the country’s largest commercial bank, had a technical “glitch” that allowed customers to withdraw more money than they had in their accounts. The glitch lasted for several hours before the bank froze all transactions. News of the glitch spread rapidly on social media, particularly among university students,… Read More »