Angola’s Financial System Secure After Cyberattack on National Bank

Luanda, Angola - January 2023

Banking Stability Ensured Amidst Cyberattack

The National Bank of Angola has successfully mitigated a cyberattack that occurred on January 6, ensuring the stability and operational resilience of Angola’s financial system. The bank confirmed that access to its technological infrastructure and institutional services were restored in a controlled manner without significant disruptions.

Key Facts About the Incident

• Assets Managed: Over $10 billion in assets for Angola’s 35 million population
• Annual Revenues: Around $600 million
• Services Affected: Technological infrastructure and institutional services
• Restoration Method: Controlled manner without significant disruptions

National Bank of Angola’s Commitment to Security

In a statement released on Tuesday, the bank asserted its commitment to ensuring the stability and operational resilience of Angola’s financial system. This includes guaranteeing the security, integrity, reliability, and availability of information systems operated by financial institutions.

Cybersecurity Threats in the Finance Industry

The incident serves as a reminder of the growing threat of cybercrime in the finance industry, particularly in countries with developing financial systems. Other state-owned banks that have reported cyberattacks in recent years include:

• Central Bank of Lesotho
• Development Bank of Southern Africa
• National Bank of Pakistan
• Central Bank of Russia
• Central Bank of Bangladesh