The Central Bank of Lesotho discovered that a cybersecurity incident had affected its system. The apex bank has restored transfers, but it advised customers to expect delays as the processing of payments is done manually.
The attack led to several outages and affected the country’s National Payments System, which facilitates inter-bank transactions.
There are concerns that the current wave of attacks might affect Lesotho’s exchange rate against the rand. Lesotho’s incident is not a standalone incident in southern Africa. The Development Bank of Southern Africa confirmed in June that it was hit by ransomware.