Hackers Make Away With Billions Of Cash Belonging To Telcos, Banks And Others

Unidentified hackers broke into the system of Pegasus Technologies, an organization that coordinates mobile money transactions between telcos, banks, regional, and international money transfer services, pulling off a yet to be known sum. The exact sum of money stolen is said to be in billions of Shillings.

The most affected firms are the main telcos, Airtel and MTN Uganda, just as Stanbic Bank, Uganda’s biggest bank that additionally backs up the greater part of the portable cash transactions.

For certain some years now, online hackers have been on the ‘neck’ of several wealthy individuals and businesses especially the big organizations around the globe.

As indicated by an online review, for the most recent decade, online extortion has risen and major institutions are the fundamental target besides wealthy individuals.