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Microsoft focuses on tackling the global fight against large-scale cyberattacks

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‘Small-and-medium businesses are particularly vulnerable to cybersecurity threats’

 

Microsoft Corp. has announced new products, employee plans, and guidance to tackle the global fight against increasingly large-scale and complex cyberattacks.

The cybersecurity landscape has fundamentally changed due to large-scale, complex attacks in recent times. Hackers launch an average of 50 million password attacks every day—579 per second, and phishing attacks have increased. Firmware attacks are on the rise, and ransomware has become incredibly problematic. Microsoft had intercepted and thwarted a record-breaking 30 billion email threats last year and is currently actively tracking 40 plus active nation-state actors and over 140 threat groups representing 20 countries.

According to Microsoft Defender Antivirus’ telemetry, malware encounter rates in Asia Pacific have increased – 12% in Sri Lanka; 23% in Australia; 80% in China; 15% in India; 16% in Japan; 19% in New Zealand; and 43% in Singapore over the past 18 months, spanning pre-pandemic to now. As a subset of malware, ransomware encounters have also increased 74% in Sri Lanka; 453% in Australia; 463% in China; 100% in India; 541% in Japan; 825% in New Zealand; and 296% in Singapore over the same period.

According to Microsoft’s Work Trend Index1, 53% of people surveyed in Asia plan to move because they can now work remotely – this is slightly higher than the global figure of 46%, pointing to the urgency for security to address this new way of working.

Mary Jo Schrade, Assistant General Counsel, Regional Lead, Microsoft Digital Crimes Unit Asia, shared, “Most of our region has transitioned to remote working over the past year. As we continue the need to work from home either full time or part time, we need to adopt more tools and build our defenses against potential cyberattacks. In Asia, adopting multi-factor authentication together with a Zero Trust approach are the foundations to safer work from home or hybrid work scenarios.”

Small-and-medium businesses (SMBs) are particularly vulnerable to cybersecurity threats – in Asia Pacific, SMBs make up more than 98% of enterprise and employ 50% of the workforce2, comprising an integral part of the region’s social and economic well-being. However, a large percentage of SMBs do not know how to protect their companies, lack dedicated IT staff and have inadequate computer and network security.



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ICC’s Oceanfront Galle completed on time amidst Covid-19 restrictions

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Oceanfront Galle structure constructions have been completed on time, amidst the restrictions imposed by the authorities to contain COVID 19 pandemic. Nevertheless, ICC has taken initiatives to apply for COC in the beginning of June 2021.

The home owners and potential investors were invited to inspect on the construction progress of Oceanfront condominiums in Galle while experiencing the beautiful sunset by the Galle coast. ICC has conceptualized OFC Galle to have a view of the clear ocean from all possible angles featuring a fully equipped gym, a double floored spa and “Sunset” restaurant with beautiful views of the ocean.

Allowing investors to seamlessly enjoy the returns of OFC, ICC has introduced an all-inclusive rental management system which offers end-to-end solutions.

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Major-value stocks decline,three companies prop up ASPI

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By Hiran H.Senewiratne

Stock trading activities in the Colombo Stock Exchange(CSE) was subdued throughout yesterday as all major value-stocks declined in prices. Three companies; namely LOLC Development Finance (NIFL) Carsons and Bukit Darah kept the All Share Price Index positive, stock market analysts said.

Hence both indices showed mixed reactions. All Share Price Index was up by 16.98 points up and S&P SL20 down by 40.86 points. Turnover stood at Rs 1.94 billion with a single crossing. The crossing took place in HNB (Non Voting), which crossed 330,000 shares to the tune of Rs 36.3 million and its share price traded at Rs 110.

In the retail market top five companies that mainly contributed to the turnover were Expolanka Rs 247 million (4.9 million shares traded), Bukit Darah Rs 156.7 million (450,500 shares traded), LOLC Rs 145.5 million (365,000 shares traded), Browns Investments Rs 128.5 million (21 million shares traded) and HNB (Non Voting) Rs 109.3 million (993,000 shares traded).

When Bukit Darah share price appreciated by 25 percent or Rs 51.25 from its initial trading price of Rs 279.50 to Rs 355, its holding company Carson Plc  share price also appreciated in parallel to its. Carsons Plc share price appreciated by 18 percent or Rs 52. Its share price started trading at Rs 293 and at the end of the day it shot upto Rs 345.

Further, NIFL being a low float company its share price increased by 25 percent or Rs 51.25. Its share price started trading at Rs 205 and at the end of the day it moved to Rs 256.25. These companies positively contributed 75 points to the All Share Price Index. Carsons contributed 28 points, Bukit Darah 28 points and NIFL 19 points to the All Share Price Index.

NIFL or LOLC Development Finance Company  has emerged as the most valuable finance company in terms of market capitalization. During the last seven sessions it’s share price appreciated by 261 percent or 3.6 times. The share price staryed trading at Rs 71 seven days ago and today it has moved up to Rs 256.25.

 

 

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People’s Bank Dankotuwa branch moves to new premises

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Opening of the People’s Bank Dankotuwa Branch at the new location which offers added convenience to its customers

 

People’s Bank Dankotuwa Branch moved to a new location recently. The opening ceremony of the new premises was attended by People’s Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

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