Business
SAT brings Veritas Technologies to the Sri Lankan market

South Asian Technologies (Pvt) Ltd. (SAT) the trusted partner for best-of-breed Information and Communication Technology products has brought in Veritas Technologies to the Sri Lankan market.
A global leader in enterprise data management, this top-tier product is marketed by its subsidiary Ezoref Technologies, a leading distributor for next generation cyber security software in Sri Lanka.
Optimising on the recent surge in global interest towards obtaining premier data related brands, SAT through Ezoref guarantees superiority. Believing in actions speaking louder than words, SAT has stepped into the digitalisation age with a vision to deliver as promised.
Veritas Technologies is a global leader in enterprise data management. An estimated fifty thousand enterprises or more, including 90% of the Fortune 500, rely on Veritas to abstract IT complexity and simplify data management. The company’s Enterprise Data Services Platform automates the protection and orchestrates the recovery of data ubiquitously, ensures 24/7 availability of business-critical applications, and provides enterprises with the insights they need to comply with evolving data regulations.
Commenting on the expansion of its portfolio, CEO of South Asian Technologies Sanjaya Padmaperuma said, “With the increasing necessity for digitalization in the workspace now more than ever, organizations need proven solutions to help secure their businesses”.
“Adding Veritas to our existing portfolio gives Ezoref a more omniscient opportunity to equip our partners and customers with the best in breed solutions. As Veritas has been a global leader in the Data Management market space the SAT team is extremely excited at the prospect of securing our clientele with a product that has a proven history with fortune 500 companies across the globe”, he added.
With a reputation for reliability at scale and a deployment model to fit any need, Veritas supports more than 500 data sources and over 150 storage targets, including 50 clouds. Moreover Veritas is the sole Data Center Backup and Recovery Solution that has been categorised as a Gartner Magic Quadrant leader over the last 15 years.
Encouraging customers to harness the power of their information, Veritas Technologies empowers businesses of all sizes to discover the truth in information – their most important digital asset.
A key component in the growth of Veritas as a fundamental innovative tool is its comprehensive solutions. Consisting primarily of Backup & Recovery, SAAS Backup, Replication, Archiving, High Availability and Data Insights, Veritas continues to exceed expectations of its ever-increasing worldwide clientele.
Recognised as the master distributor of leading ICT brands in Sri Lanka, SAT has been operational for over a decade. The award winning conglomerate has an island wide reach in Sri Lanka and regional influence in Bangladesh, and Maldives. It has also a partner network of over 150 companies.
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
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.
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.
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