A new phishing kit has been discovered that is being used by fraudsters to capture victims’ personal information online in real-time, Computing reported. The Universal Man-in-the-Middle Phishing Kit enables fraudsters to sit between prospective victims and legitimate businesses. “As institutions put additional online security measures in place, inevitably the fraudsters are looking at new ways
More
Cyprus is expected to launch its first offshore bidding round on February 15 for an area south of the island to allow future oil and gas exploration development. “A seismic survey carried out by Norway’s PGS Geophysical in the waters between Cyprus and Egypt in early 2006 showed encouraging results,” the Middle East Economic Survey
More
…Well diversified group seeks higher returns  SFS Group PCL (SFS), the diverse financial services, investments and asset holdings group, has increased its exposure to the shipping sector, raising its fleet from five vessels in 2005 to nine, becoming one of the largest shipping and ship management groups with local interests on the island. SFS
More
Government Spokesman Christodoulos Pashiardes said today that the Ministry of Foreign Affairs has made representations to the US Embassy as regards the use of Cypriot airports by CIA planes for extraordinary renditions. Speaking after a Cabinet meeting, Pashiardes said that the Cyprus government has many reasons to support its position that there are no practical
More
UN Secretary General Ban Ki-moon, in Brussels on Wednesday on his first overseas visit since assuming his duties as new UN Chief, referred to the existence of “two countries” in Cyprus as he urged for the implementation of the July 8 agreement between the leaders of the two communities on the island. In his remarks
More
Secretary General of the Organization for Security and Cooperation in Europe (OSCE) Marc Perrin de Brichambaut has said that Cyprus is one of the OSCE founding fathers, which played a highly respected role in the run-up to the Helsinki Final Act in 1975, which Archbishop Makarios III signed on behalf of Cyprus. In an article
More
Duringt a meeting held between the Chairman of Hellenic Bank Andreas Panayiotou and the Chairman of Piraeus Bank Michalis Sallas, the latter stated that TPEIR does not intend to acquire Hellenic Bank Pcl, but is looking forward to developing a cooperation pact between the two banks (TPEIR and HB). In another development, Archibishop Chrysostomos B’
More
Deutsche Bank has reaffirmed its price target on the shares of Bank of Cyprus Pcl and Marfin Popular Bank, at EUR 14 and EUR 11 per share respectively, and at the same time placing the titles of EFG Eurobank as its top pick. DB placed a EUR 37 per share price target on Eurobank from
More
Retail sales in Cyprus continued their strong trend in November, rising by 8.3% in volume terms compared with November 2005, and by 10.0% in value terms during the same period. For the first 11 months as a whole, retail sales volumes rose by 7.2% compared with Jan-Nov 2005, while the value of retail sales was
More
December saw the full impact of the large cut in excise duties in November, as registrations of motor vehicles rose by 17.1% compared with December 2005, following a 6.2% rise in November. Prior to that, motor vehicle registrations had fallen for three straight months, as rumours began to circulate in summer that car excise duties
More