World

Insikt Group has discovered malicious cyber threat activity spoofing several financial institutions and venture capital firms in Japan, Vietnam, and the United States. The group responsible, referred to as Threat Activity Group 71 (TAG-71), has significant overlaps with the North Korean state-sponsored APT38. Between September 2022 and March 2023, Insikt Group discovered 74 domains and 6 malicious files associated with TAG-71's activities. TAG-71 has previously been observed spoofing domains belonging to financial firms and cloud services in Japan, Taiwan, and the United States. In March 2022, Insikt Group identified 18 malicious servers tied to TAG-71, which were also linked to the publicly reported CryptoCore campaign. These servers were used for malware delivery, phishing, and comma...

In order to bring banking services to the doorsteps of low-income people and strengthen its financial inclusion drive to support Bangladesh becoming a cashless economy, Bank Asia Limited has signed an agreement with Grameenphone to appoint the mobile phone operator's retailers as the bank's micro-merchants. According to a news release, the agreement was recently signed in the Bank Asia Tower in Karwan Bazar, Dhaka, by Rasheda Sultana, deputy director and head of financial services at Grameenphone, and Ziaul Hasan, the bank's deputy managing director. At the signing ceremony, which also included Shafiuzzaman and ANM Mahfuz, additional managing directors, and Md. Sazzad Hossain, deputy managing director, Adil Chowdhury, president and managing director of Bank Asia, was present. Among ...

The Best Digital Banking System - Business Banking category of the Banking Tech Awards USA was awarded by a FinTech company that specializes in digital banking and treasury management. The business's Universal Online Banker platform has achieved success in the quickly expanding FinTech industry. The Banking Tech Awards USA are in their second year of honoring remarkable accomplishments and breakthroughs made by businesses in the banking and fintech sectors throughout the country. FinTech Futures, a worldwide market intelligence platform for financial services technology, is in charge of organizing the awards ceremony. Over 1.4 million companies and their banks trust Dragonfly to handle their financial requirements, and the company is exclusively focused on their success. The fact th...

The Biden administration's point person for South Asia said on Thursday that the US wanted to participate in India's economic miracle, noting that the more India develops, the better it is for India, the United States, and the rest of the world. India, whose economy is now worth USD 3 trillion and has been among the fastest-growing major countries in recent years despite the global economic slowdown, has now set the audacious aim of reaching USD 10 trillion in GDP and being a developed nation by 2047. Donald Lu, Assistant Secretary of State for South and Central Asian Affairs, said to PTI in an interview on Thursday, "We want to be part of your economic miracle." "We firmly support India's intention to expand its economy in a fair manner. India, the United States, and the rest of the g...

Beijing's plan for the Greater Bay Area development zone, which includes nine cities in the Guangdong province of southern China as well as Hong Kong and Macau, aspires to build an economic powerhouse by the year 2035 that can compete with comparable areas like Tokyo and San Francisco.In Hengqin, a tiny island that is part of the mainland Chinese city of Zhuhai and has been designated a special zone to assist Macau's economy evolve beyond a dependence on gambling, however, visiting diplomats have recently voiced concerns about how the plan's technical goals might play out there. Liu Xianfa, the Chinese foreign ministry commissioner in Macau, told more than 30 diplomats and business representatives at a lunch in Hengqin on May 9 that Macau was located in the region "with the greatest ec...

The Group of 7, which includes the leaders of the United States, Japan, Britain, France, Germany, Canada, and Italy, concluded their summit at Hiroshima, Japan. In light of Russia's continued conflict in Ukraine, the G7 countries decided to increase sanctions against Moscow. They also issued a statement in which they expressed grave worries about China's militarization of the East and South China Seas. Members said that they seek to create instruments to fight against and protect against China's technical and economic coercion. On HNN's Sunrise Weekends, Dave Stilwell, a former assistant secretary of state for East Asia and the Pacific, discussed the key lessons learned and what they represent for the U.S.'s ties with China and Russia. To deal with the debt limit talks, Biden pos...

According to the US president, the company has decided to de-risk and diversify supply networks without disconnecting.According to him, the US continues to support the status quo in Taiwan. Seven of the richest countries in the world want to diversify their supply chains away from China and safeguard important sophisticated technology, but they do not want to break away from the second-largest economy in the world, US Vice President Joe Biden said on Sunday. Biden said that the G7 had a unified stance on China's "economic coercion" at the conclusion of the Group of Seven meeting in the Japanese city of Hiroshima, a claim that Beijing vigorously refutes."We don't want to sever ties with China. Our relationship with China is something we want to diversify and de-risk, Biden stated.That e...

The Quad, which consists of the United States, Australia, India, and Japan, keeps promising to maintain peace in the Indo-Pacific area. The leaders of several of the biggest democracies in the Indo-Pacific area speaking out against China's escalating coercion is the clearest indication yet that they are doing so. The phrase here is directed towards China, the superpower. China, on the other hand, refers to the Quad as an Asian equivalent of NATO. According to Zhang Jun, China's permanent representative to the UN Security Council, the Quad is "ganging up in the Asia-Pacific region, creating cliques, and bent on provoking confrontation."

At a meeting in Hiroshima, the leaders of the Quad group—Australia, India, Japan, and the United States—took a veiled shot at Beijing's actions. A unified statement asking for "peace and stability in the Indo-Pacific maritime domain" was released on Saturday by US Vice President Joe Biden and his three fellow group members without specifically mentioning China by name. The statement used diplomatic language to say, "We strongly oppose destabilizing or unilateral actions that seek to change the status quo by force or coercion." It looked to be referring to China's economic strategies to acquire influence over weaker nations as well as its military ambitions in the Pacific. The statement went on to say that "we express serious concern at the militarization of disputed features, the dange...