The Board of Directors of Bank of Cyprus Pcl unanimously decided to submit an application to the Hellenic Capital Markets Commission for the revocation of its public tender offer for 100% of the shares of Emporiki Bank of Greece S.A.. The Company’s BoD meeting held late Wednesday July 19, 2006 examined the issue of whether

US investigators have arrested five men on suspicion of involvement of hacking into the database of LexisNexis Group in a crime linked by prosecutors to a breach that led to the disclosure of the personal details of more than 310,000 people last year, The Register reports. Some of the quintet are further suspected of swiping

Users of online banking and credit card websites were warned this week of a potential Trojan that redirects users to fake financial sites ? even if users type in the correct URL themselves, SC Magazine UK reports. Calling the potential Trojan DNSChanger.eg, researchers said that the malware can redirect users to sites that closely resemble

With the absence of widespread virus alerts, the first six months of 2006 has seemingly been a relatively quiet period, the Computer Crime Research Center reports. Yet this apparent calm is the result of the drive of malware creators to infect computers silently, ensuring their malicious code can operate undetected for as long as possible.

Bank of Cyprus is now waiting for the verdict of the Central Bank of Cyprus, which for the Bank’s Management sake will not grant a permission to bid for control of Emporiki Bank of Greece as a way out of a difficult situation with the Greek stock market authorities. The situation is difficult considering that

…after big block trades on BOC The CSE is seen trading higher on Friday on the back of a sharp rally in Bank of Cyprus Pcl shares in Greece on Thursday after big block trades raised expectations that Piraeus Bank had resumed purchasing BOC shares. BOC shares in Greece closed Thursday at EUR 7.38 or