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‘LANKAQR Nationwide Rollout Campaign’ moves to Tangalle, with SDB bank taking On lead role

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(Left to right) D. Kumaratunge, Assistant Governor – CBSL, Minister Namal Rajapakse and SDB bank's CEO, Thilak Piyadigama.

Launched by the Central Bank of Sri Lanka (CBSL), the ‘LANKAQR Nationwide Rollout Campaign’ proceeded to the city of Tangalle on Saturday 27th November, drawing the participation of numerous high-profile guests together with many of the country’s top banks, financial institutions, and telcos with SDB bank assuming a lead role.

A continuation of the CBSL-led islandwide LANKAQR promotion campaign, which witnessed the hosting of a series of events across the country in major cities including Matale, Galle, Colombo and Kandy, the ‘LANKAQR Nationwide Rollout Campaign’ with its edition in Tangalle advanced on efforts to introduce LANKAQR as the standard for mobile phone and digital payments countrywide.

Held in Tangalle town, the event was graced by the Chief Guest, Minister Namal Rajapakse, top Central Bank officials including D. Kumaratunge, Assistant Governor CBSL, together with top level representatives from all participating banks, financial institutions and telcos.

SDB bank CEO Thilak Piyadigama, the CBSL-appointed Chairman of the LANKAQR Committee delivered the welcome address, pointing out the critical nature of the vision shared by all participating individuals and organizations, in advancing towards a cashless economy plus a digital-savvy country and improved financial inclusion across Sri Lanka.

The Tangalle-leg of the LANKAQR Nationwide Rollout Campaign furthered the program’s wider vision of introducing digital transactions as the norm locally, an aim that is closely linked to SDB bank-owned mobile payment app UPay’s extensive efforts to take digital payment conveniences to each corner of the island.

The event also featured the conducting of specific transactions on-location through the use of LANKAQR, involving the Chief Guest and top officials from all participating banks, financial institutions and telcos. The numerous activities outlined for the day concluded with the visiting of select merchant stores by participating guests, to conduct further LANKAQR-based transactions.

The greatly improved payment functionality offered by QR-based digital payments allows for a range of benefits to both individual consumers and merchants. While offering customers anytime, anywhere payment capabilities, it also facilitates the ability to track finances and spending patterns with greater accuracy. Parallelly, it provides the convenience of real-time transactions to merchants, nurturing a more vibrant economy in both rural and urban spaces countrywide, specifically through the offering of low-cost digital payment solutions to both SMEs and informal businesses, mirroring UPay’s approach under the guidance of SDB bank.

The consequent digital payment plus transaction ecosystem affords a higher degree of commercial transparency, promotes a greater volume of economic activity, and thereby is set to positively impact the national economy as a whole.

With the recent leg of the LANKAQR Nationwide Rollout Campaign held in Tangalle, further public awareness was built on the convenience, cost-effective nature and security of LANKAQR-based digital payments for customers as well as merchants, amplified by top banking entities like SDB bank adding greater momentum towards the national vision of a progressive transformation to a digital economy.



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Stealer malware leaked over 2 million bank cards

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The number of infections with data-stealing malware, 2020-2024 (Source: Kaspersky Digital Footprint Intelligence)

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%.

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UTE Delivers Sri Lanka’s Largest Cat D8 Tractor to NEM Construction

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(From left to right) Deepthi Hewageegana (CEO - UTE), Mani Rajan (Director Distribution - India), Joe Moscato (Vice President - Distribution - Japan & Asia South (India & SE Asia) Caterpillar Inc), Raja Nanayakkara (Chairman / MD - NEM Construction), Prasan Fernando (Chairman - UTE), Priath Fernando - (Director - UTE), Duminda Perera (Senior General Manager - Operations)

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.

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ComBank’s 2023 Annual Report tops Banking sector at ACCA Sustainability Reporting Awards

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Commercial Bank Chief Operating Officer S. Prabagar and members of the senior management accepting one of the ACCA 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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