The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.”
No Financial Loss Suffered
The Central Bank of Lesotho (CBL) has stated that the cyber security incident on December 11, which reportedly knocked out the country’s entire payments system, did not result in “any financial or other loss.” However, the bank has “suspended some of its systems to prevent further infiltration from the attackers.”
While the central bank has not shared details about the severity of the attack, one South African media outlet suggested that interbank and international payments routed through the country had gone offline. Another outlet suggested that the incident posed a threat to the stability of Lesotho’s financial system and the local currency’s exchange rate versus the South African r
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