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NDB Wealth Money Fund promotes ‘Saving and Investing Wisely’

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Financial planning and fund management is increasingly playing a critical role in the life of every person. The bygone months have truly tested financial resilience at all levels of society. NDB Wealth Management, having begun its momentous journey, 28 plus years ago, has always been at the forefront of identifying and advising clients on the best savings or investment solution whilst taking into consideration the potential risks associated therein.

Reviewing savings and investment accounts are vital to the financial wellbeing of individuals and businesses alike. Ensuring funds are in the right place and that risks are controlled is a critical factor for most investors. Every rupee invested should be safely guarded to ensure the investment does not suffer losses or face unnecessary risks. Doing this on your own can be a challenging task to most individuals, both in terms of time and money.

“Proper financial planning and management of funds is important to every person. Whether you are planning for your retirement or are saving for a rainy day, it’s important to know that you are doing the right thing for yourself, your family or even your business. Financial planning will give you the added flexibility of meeting unexpected expenses or indulging in a bit of luxury at those special occasions,” stated Amaya Nagodavithane, Fund Manager at NDB Wealth Management.

Money Fund from NDB Wealth is a multi-purpose account for individuals and corporates which is well placed for the short term cash management needs of companies and individuals alike. It is the ideal account for all individuals and businesses looking at solidifying the future and stepping up in life, making it suitable for every season, for everyone. It can be the stepping stone for a mom looking to secure her family’s future, the young executive trying to start off a new career, a corporate securing a new business transaction or even as an alternative to a savings account.

Commenting further Amaya said, “At NDB Wealth, our team of Relationship Managers are backed by a strong investment team who continuously monitor investment conditions in the market and supports the client’s plans on saving or investing by advising the client on the best savings or investment solution taking into consideration the potential risks associated with the investment. NDB Wealth management plays a very important role in managing such conditions that may impact clients negatively.”

Money Fund by NDB Wealth with a current yield of 7.30% as at 25th November 2021 will get your savings and investments working harder for you. The Money Fund account delivers a host of benefits offering favourable returns, with interest credited daily and offers capital safety enabling investors to live stress free. The funds are invested in the highest quality banks possessing high credit ratings and Government Securities thus aiming to provide the highest level of fund and investment security which is further validated by the esteemed credit ratings of the investment portfolios. In the long term, the yield of NDB Wealth Money Fund helps a saver building a secondary source of income.

It’s time – you invested wisely and well. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship managers and set up your Money Fund. You can also visit their website www.ndbwealth.com to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you to achieve full financial independence, with all the benefits it entails.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved.



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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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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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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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