Business
Empowering child protection in Sri Lanka: The fight against cybercrime and AI exploitation
In an increasingly digital world, child protection has evolved into one of the most pressing challenges faced by governments, law enforcement agencies, and civil society. In Sri Lanka, the growing incidence of cybercrime targeting children, coupled with new threats posed by advancements in artificial intelligence (AI) and automation, has brought the issue of child safety to the forefront.
At the heart of this effort in Sri Lanka is Mr. Prabath Amila Perera, a recognized cybersecurity researcher and digital forensics expert who has been instrumental in addressing child safety challenges in the digital age. His work, along with a growing body of cybersecurity professionals, highlights the urgent need for a robust framework to protect Sri Lankan children from the dangers posed by cybercrime and artificial intelligence-driven exploitation.
The Rising Threat of Cybercrime Targeting Children

Prabath Amila
Cybercrime is no longer confined to traditional hacking or financial fraud; it has expanded to include a wide array of illegal activities, many of which disproportionately affect children. With the widespread use of mobile devices and internet access, children are increasingly exposed to online risks such as cyberbullying, child exploitation, and exposure to harmful content. The disturbing reality is that the internet has become a tool for criminals to exploit vulnerable individuals, and children are often their primary targets.
In Sri Lanka, the rapid adoption of digital technology has created a fertile ground for such crimes. The growing prevalence of internet-enabled devices among children, including smartphones, tablets, and computers, has increased their susceptibility to online predators. This trend is reflected globally, with cyber predators using sophisticated methods to lure children into harmful situations, from online grooming to the distribution of child sexual abuse material (CSAM).
AI and Automation: A New Frontier of Concern
While cybercrime itself presents significant dangers, the advent of artificial intelligence (AI) and automation has introduced new layers of complexity to child protection. AI-powered technologies, such as deepfakes, can be used to generate hyper-realistic images or videos that could be weaponized for blackmail, exploitation, or abuse. In the context of child protection, AI can exacerbate issues related to the creation and dissemination of CSAM.
Automation and AI are also enabling criminal actors to operate at a scale never seen before. Automated bots, for instance, can scan social media platforms for vulnerable targets, creating vast databases of personal information that can be used for malicious purposes. Moreover, AI algorithms can be used to manipulate children’s behavior online, making them more susceptible to exploitation or harmful content.
In addition to facilitating child exploitation, AI and automation have also made it more challenging for law enforcement agencies to detect and combat such crimes. With the rapid growth of encrypted communications and the dark web, traditional investigative methods often fall short. Thus, while technology has undoubtedly improved our lives, it has also introduced new threats that need urgent attention.
Addressing the Crisis: A Call to Action for Sri Lanka
Recognizing these dangers, Mr. Amila Perera and his peers are advocating for a comprehensive approach to child protection that includes legislative, technological, and educational measures. To combat cybercrime and AI-driven exploitation, Sri Lanka must adopt a multi-faceted strategy that encompasses the following:
Strengthening Laws and Regulations: While Sri Lanka has made progress in child protection laws, there is still a need to introduce stronger legislation that addresses the evolving nature of cybercrime and AI-fueled threats. Laws related to CSAM, child exploitation, and cyberbullying must be updated to reflect modern-day challenges, and enforcement mechanisms must be empowered with adequate resources.
Improving Cybersecurity Infrastructure: In this digital age, it is essential to have strong cybersecurity defenses in place. Public and private organizations, particularly those involved in child protection, need to invest in cutting-edge cybersecurity solutions to identify and mitigate online threats. AI can also be used positively to develop tools that detect harmful content, block abusive behavior, and flag suspicious activity in real-time.
Raising Public Awareness: It is critical to educate parents, teachers, and children about the dangers of the internet. Schools must incorporate cyber literacy into their curriculum, and communities must promote safe online practices. Campaigns that educate the public about emerging AI threats, such as deepfakes and the misuse of automation, will be key to creating a well-informed population capable of protecting itself against new digital risks.
Collaborating with Global Partners: Cybercrime is a transnational issue, and no country can fight it alone. Sri Lanka must strengthen its collaboration with international cybersecurity agencies, child protection organizations, and tech companies. By sharing information, technology, and best practices, Sri Lanka can bolster its defenses against cybercriminals who operate across borders.
The Role of AI in Protecting Children
While AI presents new dangers, it can also be part of the solution. Mr. Amila Perera emphasizes that AI, when used ethically, can be a powerful tool in protecting children from harm. AI-based algorithms can be developed to monitor online behavior, detect inappropriate content, and provide early warnings about potential risks. AI can also assist law enforcement agencies in identifying and prosecuting cybercriminals by analyzing vast amounts of data in real-time.
Tech companies must play a key role in this process by implementing child safety features into their platforms. Automated content filtering, real-time monitoring of interactions, and AI-driven moderation can help make the digital environment safer for children. Additionally, AI tools that detect deepfakes and manipulated content can play a vital role in protecting children from AI-generated exploitation.
A Collaborative Effort for a Safer Future
Child protection in the digital age is not solely the responsibility of government authorities or law enforcement; it is a collective effort that involves educators, parents, tech companies, and cybersecurity experts. In Sri Lanka, Mr. Amila Perera’s leadership and advocacy for child safety in the digital world set an example for how nations can address these challenges effectively.
As Sri Lanka continues to navigate the complexities of a rapidly digitizing world, it must prioritize child safety by integrating AI-driven solutions, enforcing stricter cyber laws, and fostering a culture of cybersecurity awareness. Only through collective action can we ensure that the next generation of children grows up in a digital environment free from harm, abuse, and exploitation.
Prarthana Kodikara
University of Kelaniya
Business
Constituent Change in the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2026 Mid-Year rebalance.
The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 22nd June 2026 (after the market close of 19th June 2026) are presented below.
The S&P SL 20 index includes the 20 largest companies, by total market capitalization, listed on the CSE that meet minimum size, liquidity and financial viability thresholds. The constituents are weighted by float-adjusted market capitalization, subject to a single stock cap of 15%, which is employed to reduce single stock concentration.
The S&P SL 20 index has been designed in accordance with international practices and standards. All stocks are classified according to the Global Industry Classification Standard (GICS®), which was co-developed by S&P Dow Jones Indices and MCSI and is widely used by market participants throughout the world.
To be eligible for inclusion, a stock must have a minimum float-adjusted market capitalization of 500 million Sri Lankan rupees (Rs), a six-month median daily value traded of Rs 0.25 million and have positive net income over the 12 months prior to the rebalancing reference date. For information, including the complete methodology, please visit: www.spindices.com
Effective from 22nd June 2026 the stocks in the S&P Sri Lanka 20 in alphabetical order are as above.
Business
Teejay Group navigates industry headwinds with financial strength and strategic focus
The Teejay Group recorded revenue of LKR 60.04 billion during the period, reflecting a 10% year-on-year decline, primarily due to continued softness in global textile demand. This performance was largely impacted by reciprocal tariffs imposed by the United States, intensified pricing pressures across key markets, and the resulting decline in volumes, all of which collectively weighed on topline growth.
Group Gross Profit declined by 36% year-on-year to LKR 5.02 billion, mainly attributable to lower production volumes, underutilization of plant capacity, sustained pricing pressures, and an unfavorable product mix. Together, these factors adversely affected margin performance amid a challenging operating environment.
The Group reported a Profit After Tax (PAT) of LKR 54.7 million, representing a 98% year-on-year decline. This was primarily driven by higher rupee-denominated costs and non-recurring items, provision for doubtful debts, and restructuring costs associated with right-sizing initiatives.
Ajit Gunewardene, Chairman of the Teejay Group said, “The year was marked by persistent global demand softness and pricing pressures, which impacted results. Despite this, we focused on operational efficiency, cost discipline, and strengthening our financial resilience. These actions position the Group to navigate ongoing uncertainty while remaining committed to long-term value creation for our shareholders.”
Despite these near-term challenges, the Teejay Group continues to maintain a strong financial position, supported by disciplined working capital management and a robust liquidity base. As at 31 March 2026, cash and cash equivalents stood at LKR 8.3 billion, while the Group’s net asset base increased by 3% year-on-year to LKR 32.4 billion, reinforcing the resilience of its balance sheet.
Business
Fairfirst celebrates 7 years of supporting the Sri Lanka Police K9 Unit
Fairfirst Insurance has once again partnered with the Sri Lanka Police K9 Unit, continuing its support for the seventh consecutive year. This partnership reflects the company’s long-standing commitment to giving back to the community.
Through this initiative, Fairfirst will provide comprehensive insurance coverage for the highly trained canines attached to the Sri Lanka Police K9 Unit. These dogs play a critical role in supporting police operations across the country, assisting with crime detection, narcotics investigations, search and rescue missions, and public safety efforts.
As a company that believes business should create a meaningful impact beyond insurance, Fairfirst remains committed to initiatives that support communities and recognise the vital contributions of those who help keep society safe. This shared commitment to protection and responsibility continues to drive the company’s long-standing partnership with the Sri Lanka Police K9 Unit.
Commenting on the continued partnership, Ravishankar Wickneswaran, CEO of Fairfirst Insurance, said, “It is a privilege for us to continue supporting the Sri Lanka Police K9 Unit for the seventh consecutive year. These dogs serve the country with incredible discipline and loyalty, often in challenging situations. Supporting their wellbeing is one small way for us to give back, and it reflects the FairfirstWay of standing by those who protect and serve our communities every day.”
Fairfirst looks forward to continuing this partnership and contributing to the wellbeing of the Sri Lanka Police K9 Unit in the years ahead.
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