Skip to content

Which companies just had a verified incident, who lends to them and who owns them. Every claim carries its evidence level and its source. How we decide what is confirmed

Global Financial Service Disruptions

Commercial Bank of Ethiopia

commercial bank · ET · Africa · Commercial Bank of Ethiopia

UnexplainedStatus: resolvedTier 1Severity 3 of 5Evidence confidence: mediumAnalyst-verified

Overnight on 15 March 2024 Ethiopia's largest bank was compromised for about three hours, letting users transfer money they did not have. The bank said branch and online banking were affected and did not disclose the loss.

First disruption
Mar 14 21:00 UTC
First public signal
unknown
Acknowledged
Mar 1
Restored
resolved, time unknown
Duration
not established
DFX first recorded
Nov 5 14:58 UTC

What was restricted

mobile apptransfers outScope: institution wide

Between 12 a.m. and 3 a.m. users could transfer money their accounts did not hold and use ATMs without deposits; branch and mobile/online banking affected; loss undisclosed.

Financial impact: Undisclosed

Cause, kept in separate layers

What the institution said
Bank said the incident affected 'the branch level as well as the mobile banking system, particularly the CBE online service'
DFX classification
Unexplained (cyber: unconfirmed)

Evidence