PandaLabs has discovered XRumer, a tool designed to post spam and links pointing to web pages infected by malware on forums, websites, blogs, etc.  It is sold in different online forums for US$450. According to its creator, XRumer can post over 1100 comments in less than fifteen minutes. This program works in the following way:

SNAP Mobile kicked off the Mobile Rules! Multiplayer Competition at the Develop Conference & Expo in Brighton, a leading European event for gaming professionals. SNAP Mobile launched the game development contest to offer developers a unique, fast track way to break into the multiplayer games market and still retain the rights to their games. SNAP

Bank of Cyprus Group Pcl (BOCY) reported a spectacular 58% YoY increase in first half 2007 profit to EUR 230 mln compared to EUR 146 mln a year ago in the same period and well above the average market expectations of 1H07 profit of EUR 217 mln. There was a significant improvement in all of

…EUR 300 mln loans in pipeline   Bank of Cyprus Group Pcl (BOCY) will open its first branch in Moscow by end of July 2007, thus becoming the first banking group from the Hellenic world to set up fully fledged operations in Russia. BOC Group CEO Andreas Eliades told reporters during the presentation of the

Ericsson and Texas Instruments Inc. announced that they will form a strategic technology engagement to develop custom solutions for new Open OS enabled 3G devices. Solutions from the two companies will combine small and power efficient 3G modems from Ericsson Mobile Platforms with high-performance OMAP applications processors from TI. Solutions from the joint engagement will

Standard & Poor’s Ratings Services said that the Turkish parliamentary elections held Sunday, which resulted in the ruling Justice and Development Party (AKP) retaining its absolute majority, will have no immediate impact on the credit ratings on the Republic of Turkey (foreign currency BB-/Stable/B; local currency BB/Stable/B; Turkish national scale trAA+/–/trA-1). The outcome bodes well

Standard & Poor’s Ratings Services said it affirmed its ‘AAA’ ratings on the public sector covered bonds issued by Germany-based Hypo Real Estate Bank International AG (HI), Hypo Real Estate Bank AG (Hypo Germany; HG), Depfa Deutsche Pfandbriefbank AG (Pfandbriefbank) as well as the public sector covered bonds issued by Ireland-based Depfa ACS (Depfa ACS)

Moody’s Investors Service warned the Cyprus government regarding its fiscal policy ahead of the 2008 presidential elections, as any deviations from the stated budget would result in a lower rating of its credit outlook. However, Moody’s recent positive rating action, that followed EU’s decision to allow Cyprus to adopt the euro on 1 January 2008,

Cyprus recorded a fiscal surplus of CYP 73.4 mln in the first three months of 2007 compared to a deficit of CYP 14.4 mln recorded in the same period in 2006, according to the Ministry of Finance. The fiscal surplus as a percentage of GDP reached 0.83% in the period January – March 2007 compared