Sri Lanka: New Missing Payments and Risks to Public Finances

Colleagues, please note: Sri Lanka's cyber‑security teams have uncovered new thefts of government payments.

Reports indicate a payment of approximately $625,000 to the USPS went missing after hackers attempted to redirect a transfer originally intended for India. Earlier incidents included a $2.5m theft from the Ministry of Finance; the treasury confirmed funds were rerouted from the postal service to external accounts.

The likely vector is business email compromise (BEC), which the FBI identifies as a major source of fraud losses.

Why it matters: weaknesses in payment processes threaten public finances and public trust.

What immediate measures should be prioritised to protect such payments?

#cybersecurity #finance #fraud #security