Ethiopian bank glitch lets customers withdraw millions


Commercial Bank of Ethiopia has lost more than £31 million after a technical glitch let customers withdraw and transfer money that was not in their accounts.

The state-owned bank was hit by a systems failure which lasted for several hours over the weekend. A cyber-attack has been ruled out.Customers took advantage to make ATM withdrawals and money transfers, making off with more than £31 million, according to the BBC.The bank has assembled a task force as it seeks to recoup the money, with some students on university campuses already detained, says the BBC.


By on Tue, 19 Mar 2024 00:01:00 GMT
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