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Ogbonnaya99
Pls Make U Read It
~4.7 mins read

Airtel, MTN suspend mobile money services across networks after system is hacked

Telecom giants Airtel and MTN Uganda have announced a temporary suspension of mobile money services after interruptions in their systems.

Uganda Losing Billions Due to Inability to Stem Illicit Money
Telecom giants Airtel and MTN Uganda have announced a temporary suspension of mobile money services between the networks of the two service providers after interruptions in their systems.

However, mobile money transactions across the same network continues.

The Nile Post has learnt that over the weekend, unknown hackers broke into the system of Pegasus Technologies before taking off with an unspecified amount of money belonging to several companies including banks and telecos.

Pegasus Technologies is the company that translates money from banks into mobile money transfers between banks and telecom companies.

The company’s flagship product, PegPay payments platform which is used by several institutions including banks, telecoms and utility companies such, retailers, Pay-Tv providers’ and schools helps aggregate and manage financial transactions for both internal and external purposes.

Pegasus also offers e-commerce services where organisations with websites or mobile applications are allowed to vend their services online and receive payments online.

However, according to a joint statement released on Monday by Stanbic Bank Uganda, MTN and Airtel, they got issues with their systems.

“Stanbic Bank Uganda, MTN Uganda and Airtel Uganda inform the public and their customers that on Saturday 3 October 2020, a third-party service provider experienced a system incident which impacted bank to mobile money transactions. All bank to mobile money/wallet services have since been temporarily suspended,” the joint statement read in part.

The three companies however assured their customers that there was no impact on their monies.

“Our technical teams are analysing the incident and will restore services as soon as possible. We apologise to all customers for any inconvenience that this has caused and reiterate our commitment to delivering seamless banking and mobile money services.”

In another joint statement by Airtel and MTN Uganda, the telecom companies announced a temporary suspension of mobile money services between the two networks over the weekend incident.

“MTN Uganda and Airtel Uganda wish to inform the public and their customers that due to unprecedented technical challenges, mobile money services between the two networks are temporarily suspended. Our technical teams are working together to resolve the challenges and restore the services as soon as possible,” a joint statement by the companies said.

Whereas the three companies say nothing was lost, it is suspected that huge sums of money were taken by the unidentified hackers who took advantage of the weekend to force themselves into the company’s systems.

The Annual Police crime report for the year 2019 released in May indicated that criminals stole Shs438m from dfcu Bank and Shs800m from Centenary Bank and that in both incidents, the money was transferred to mobile money accounts.

 

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Ogbonnaya99
Relationship Joke 1
~1.1 mins read
"Cash, check or charge? " I asked after folding items the woman wished to purchase. As she fumbled for her wallet I notice a remote control for a television set in her purse. "Do you always carry your TV remote? " I asked. "No," she replied. "But my husband refused to come shopping with me, so I figured this was the most evil thing I could do to him. "


"Ever since we got married, my wife has tried to change me. She got me to stop drinking, smoking and running around until all hours of the night. She taught me how to dress well, enjoy the fine arts, gourmet cooking, classical music, even how to invest in the stock market," said the man. "Sounds like you may be bitter because she changed you so drastically,"remarked his friend. "I'm not bitter. Now that I'm so improved, she just isn't good enough for me. "

"First," said the playboy,"I'm going to buy you a few drinks and get you a bit loose. "
"Oh no you're not," said the girl. "Then I'll take you to dinner and ply you with a few more drinks. "
"Oh no you're not. "
"Then I'll take you to my place and keep serving you drinks. "
"Oh no you're not. "
"Then I'm going to make violent, passionate love to you. "
"Oh no you're not. "
"And I'm not going to wear a condom either! " said the guy. "Oh yes you are! " said the girl."

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