Business
StrEdge Group offers businesses customized solutions to mitigate COVID – induced challenges

In a bid to mitigate COVID-induced risks faced by local businesses, StrEdge Group has introduced several service packages through their companies. This includes introduction of new governance models and interventions in bridging gaps in multiple businesses in terms of business strategy, processes, human resources, technology and finance, a StrEdge news release said.
The customized service package launched by StrEdge Advisory has helped save thousands of livelihoods generated by the SMEs, mid-corporates and corporates in these turbulent times by “taking them to safer waters,” remarked Director/CEO of StrEdge Advisory, Sumedha Wijesekera.
“We have taken stock of short, mid and long term strategies which will not only mitigate risks but also ensure sustainable growth of businesses,” he added. The approaches also help banks and lending institutions that work with these businesses in terms of utilization of credit proceeds through proper channels. “Our approach has become a risk mitigation tool for both the lender and the borrower,” noted the StrEdge CEO.
A home-grown company which prides itself in ‘Sri Lankan skill and capacity’, StrEdge offers a broad spectrum of services including Business Strategy Defining, Planning and Implementation, Human Resource Strategy for Corporates, Business Process Reengineering, Financial Restructuring and Advisory, Lean Six Sigma training and Certifications, Business Advisory, Technology Advisory, Design, Development and Implementation and Training in Leadership, Project Management and Operational Excellence. All these services are designed to help businesses and business leadership reach their true potential, the release said.
“We take pride in being a people centric solution provider sensitive to the Sri Lankan ecosystem. In this changing world with COVID and other unforeseen challenges, the expertise we offer as a home-grown solution provider, benchmarked with best international practices, help the country retain considerable foreign exchange which otherwise would go to expensive foreign consultants. We are also confident of providing services for overseas markets adhering to best international standards,” Wijesekera said.
He added that the company enables a ‘liberal and an ethical workplace’ where consultants are given the independence to bring out their true potential both in terms of skill and creativity to offer their clients the best of services.
Director, StrEdge Advisory, Janaka Epasinghe said that holistic solutions StrEdge offers from ‘people, process and technology’ perspective are geared to enrich product and service proposition of diverse businesses. “Especially in the present challenging business environment, managing businesses internally and externally is crucial and as solution providers, even during the most turbulent times as the pandemic hit, we have been able to create results.”
The SME-centric ERP solution developed and delivered by their technology company- StrEdge Tech is among the company’s special service portfolio. “This is not merely a system to automate the operation, but a tailor-made business solution to cater to individual business needs at an affordable price,” said Director, CEO, StrEdge Tech, Udaya Samaradivakara. “This user-friendly tool is designed to create visibility on business operations and decision-making for business owners and the management.”
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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