A joint effort between RSA Security, the expert in protecting online identities and digital assets, and Panda Software, has detected and neutralised a sophisticated online fraud attack. The companies worked together to help dismantle the control system of a bot network designed to swindle ‘pay per click’ systems, as follows: – Fraudsters set up a

— New coins and notes to cost CYP 15 mln/EUR 25.7 mln Cyprus expects to break even or make a small profit from the changeover to the euro as of January 1, 2008, on the expectation that while the total cost of printing of the new notes and coins will amount to CYP 15 mln

Central Bank of Cyprus Governor Christodoulos Christodoulou called for an overhaul on public finances and for a fundamental modernisation and structural changes in the Cypriot economy. At the same time, he said there is “no return or any postponement” from accession to the Eurozone on January 1, 2008, noting “we have the necessary qualities to

Piraeus Bank of Greece has appeared out of the blue as one of the largest shareholders of Bank of Cyprus Group Pcl (BOC), the island’s largest financial institution, according to the BOC share register monitored by the Financial Mirror. Piraeus is now BOC’s second largest shareholder in Greece, behind UBS subsidiary Julius Bear International, with

The Cyprus Stock Exchange announced that the titles of Global Consolidator Pcl (GLC) will continue trading in the Special Trading Category due to the uncertainty for its viability, as announced in the auditors report for the results of the year ended December 31, 2005 submitted to the CSE on June 8, 2006. At the meeting

The euro remains under pressure and a move towards the 1.2510 level cannot be ruled out. Near-term USD support should continue especially with Fed officials talking tough on inflation. This puts the focus very much on today’s CPI release expected at 0.4%. Given the heavy long positioning of the market, even a better than expected

A sharp jump in imports during the first four months of the year helped push the trade deficit up by 15.88% year-on-year to CYP 799.85 mln from CYP 690.26 mln a year ago in the same period. The Statistics Department announced that total imports during the first four months of 2006 ending April 2006 were