Business
HNB SOLO partners with Stone N String to offer exciting discounts for Valentine’s Day

Continuing its support to the “Rata Purama LANKA QR” campaign, Sri Lanka’s most digitally innovative bank HNB PLC, partnered with leading semi-precious jewellery merchant Stone N String to offer customers exciting discounts and deals during the month of February.
The partnership which will offer customers exciting discounts via HNB’s digital app SOLO in celebration of Valentine’s Day was launched at the Stone N String showroom in R. A De Mel Mawatha. HNB Deputy General Manager- Retail and SME Banking Sanjay Wijemanne, graced the occasion.
“We are delighted to partner with yet another specialized industry to offer our extensive customer base with exciting discounts through our very own digital payment app SOLO. The partnership is another step in promoting LANKAQR to our customers and offering a convenient and safe payment method to celebrate special days with their loved ones. As such we are delighted to add Stone N String to our extensive merchant network,” HNB Deputy General Manager- Retail and SME Banking Sanjay Wijemanne said.
Customers hoping to shop at the jewellery store are entitled to purchase coupons to the value of Rs. 3,000, Rs. 4,000, and Rs. 5,000 at a 25 per cent discount on the SOLO app. The discounted coupons will be available for customers to purchase during the month of February, while the coupons will be valid until March 31for redemption.
“We are delighted to be partnering with HNB to facilitate the safe mode of transactions for our loyal customers while offering the best possible deals during this month. As a leading jewellery merchant with an extensive network across the country we are also excited to be a part of LANKAQR revolution sweeping across the country,” Stone N String Chairman and Founder Mohamed Muhiyadeen Saheed said.
To commence the campaign, Stone N String will offer the first 25 customers who use HNB SOLO a ruby pendant set in sterling silver.
Having linked LANKAQR to HNB SOLO, the bank was among other financial institutes and telecommunication partners to join the Central Bank of Sri Lanka in promoting digital payments as the standard for day-to-day transactions island-wide.
Launched in 2019 as HNB’s flagship digital payments solution, SOLO provides the convenience of digital transactions via the affordable, easy and widely-adaptable QR code, a more cost-effective option when compared to alternative payment solutions available in the market.
The bank has continuously bolstered SOLO’s features and functionality while refining its user interface to make QR-based payments intuitive, easy to use, and versatile. SOLO has also provided extensive promotions and rewards to its growing user base. Additionally, the app can digitally store all payment instruments, including VISA, MASTER debit and credit cards, and any bank accounts connected to the JustPay payment ecosystem.
Business
Stealer malware leaked over 2 million bank cards

Kaspersky Digital Footprint Intelligence estimates that 2.3 million bank cards were leaked on the dark web, based on an analysis of data-stealing malware log files from 2023-2024. On average, every 14th infostealer infection results in stolen credit card information, with nearly 26 million devices compromised by infostealers, including more than 9 million in 2024 alone. Kaspersky released its report on the infostealer threat landscape while the technology world gathers at MWC 2025 in Barcelona.
Kaspersky experts estimate that approximately 2,300,000 bank cards have been leaked on the dark web. This conclusion is based on an analysis of the log files from data-stealing malware, dated 2023-2024, that were leaked on the dark web market. While globally the share of leaked cards is well below one percent, 95% of the observed numbers appear technically valid.
Infostealer malware is not only designed to extract financial information, but also credentials, cookies and other valuable user data, which is compiled into log files and then distributed within the dark web underground community. An infostealer can infect a device if a victim unknowingly downloads and runs a malicious file, for example one disguised as legitimate software, such as a game cheat. It can be spread through phishing links, compromised websites, malicious attachments in emails or messengers and various other methods. It targets both personal and corporate devices.
On average, every 14th infostealer infection results in stolen credit card information. Kaspersky Digital Footprint Intelligence experts found that nearly 26 million devices running Windows were infected with various types of infostealers in the past two years.
“The actual number of infected devices is even higher. Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe. We forecast the total number of devices infected with infostealer malware in 2024 to be between 20 million and 25 million, while for 2023, the estimate ranges between 18 million and 22 million,” says Sergey Shcherbel, expert at Kaspersky Digital Footprint Intelligence.
In 2024, Redline remained the most widespread infostealer, accounting for 34% of the total number of infections.
The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024. “RisePro is a growing threat. It was first discovered two years ago but seems to be gaining momentum. The stealer primarily targets banking card details, passwords and cryptocurrency wallet data, and may be spreading under the guise of key generators, cracks for various software and game mods,” explains Sergey Shcherbel. Another rapidly growing stealer is Stealc, which first appeared in 2023 and increased its share from nearly 3% to 13%.
Business
UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

Caterpillar equipment dealer UTE has delivered the country’s largest Cat D8 Track-Type Tractor to NEM Construction Pvt. Ltd., marking a significant milestone in heavy machinery. This delivery strengthens the long-standing partnership between UTE and NEM Construction, which spans over 45 years. The Cat D8 is expected to boost operational efficiency in large-scale projects. As the sole authorized dealer for Caterpillar in Sri Lanka, UTE continues to provide top-tier machinery and after-sales support. The handover is particularly notable as Caterpillar celebrates its 100th anniversary. NEM Construction’s Chairman, Raja Nanayakkara, praised the Cat D8’s superior performance and UTE’s unmatched service and parts support, which have been key to the company’s long-term collaboration. This purchase highlights the continued trust in both Caterpillar and UTE’s expertise in supporting Sri Lanka’s construction industry.
Business
ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

The Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 Annual Report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).
The Bank was adjudged the overall runner-up and the winner in the Banking category at these awards, repeating the achievement of its 2022 Annual Report which was similarly honoured by the ACCA last year.
The ACCA Sustainability Reporting Awards recognise Annual Reports that clearly acknowledge and explain the economic, environmental and social impacts of the business to internal and external stakeholders, demonstrating the organisation’s policies, targets and long-term objectives towards the goal of sustainable development.
Commercial Bank’s 2023 Annual Report also won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024, excelling in the key aspects recognised by the awards programme which is dedicated to Transparency, Accountability, Governance, and Sustainability – TAGS.
The Bank won the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector, the Gold for the Best Annual Report among the private sector banks, the Silver for ‘Digitally Transformative Reporting’ across all sectors, and the overall Bronze award for Excellence in Corporate Reporting.
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