The State Bank of India opened its first remittance centre here on Sunday. The move is being seen as a prelude to the entry by India’s largest bank into the retail banking sector here.
According to media reports, the new centre will not only cater to the non-resident Indians here, it will also target other South Asians and people from other countries like the Philippines. There are over 300,000 NRIs and persons of Indian origin in Singapore.
"It’s not going to be only for remittance to India. We are planning to provide services for people from Sri Lanka, Bangladesh and even the Philippines. We also have plans to tie up with other South Asian and Southeast Asian countries," a report in the Today newspaper quoted SBI Singapore’s chief executive P.K. Malhotra as saying.
Though SBI already has an offshore banking operation here, a part of its 67 offices and branches spread over 29 countries across the globe, it has applied only now for qualifying full bank status, which will allow it to enter the retail banking sector. If it gets the green signal, it can open as many as 25 customer service locations, the report said.
Other Indian banks like the Indian Overseas Bank and the UCO Bank have been operating in Singapore for a long time now and their remittance centres cater to Indian workers only.
SBI opens remittance centre
April 18, 2006, 10:07 amNew tech is raising risk of computer hacking
April 18, 2006, 10:05 am
Criminal elements are increasingly using the Really Simple Syndication to illegally get into computer systems to steal information, and this trend is expected to grow in 2006 and beyond, according to WebSense, Inc.
"We anticipate increased use of Really Simple Syndication to circumvent frequent updates and patches. As more technologies like browsers, and potentially, email clients — embed RSS, there is the tendency of users to leave it unattended, and the fact that RSS clients are generally configured to self-update every 10 or 15 minutes, indicate that RSS will be seized upon as an effective method of infection," the semi-annual web security trends report by the WebSense Security Labs says.
The real-time nature of RSS, combined with the type of built-in vulnerabilities discovered several times a year, could permit hackers to compromise feed to publish exploit code.Meanwhile, the world wide web continued to evolve and grow as an attack vector in the second half of 2005, with the trend of bot-led denial-of-service attacks increasing at an alarming rate. What’s a bot-led denial-of-service attack? It’s when hundreds of thousands of computers are infected with an unauthorised software agent, while a centralised control channel does the dirty work. In addition, cyber-extortion attacks, in which money is requested from users to fix a problem created by the cyber-criminal, continue to rise.
According to WebSense, Inc., in the second half of 2005, WebSense Security Labs was successful in identifying and mitigating several new high-profile exploits, including being the first to discover the Microsoft Windows Metafile vulnerability being exploited in the wild and also uncovering websites hosting code attacking the vulnerability within the Sony BMG Music Entertainment copy protection uninstall programme.
Websense Security Labs uses a sophisticated process to scan over 75 million websites per day, looking for malicious attacks against the end-user and enterprise. The report says that the motives for creating malicious websites continued to trend away from annoyances, such as changing default homepages, to increasingly malicious purposes, such as changing browser address bars to redirect users to fake banking, commerce and other sites.
Browser and operating system vulnerabilities were exploited more frequently by spyware, crimeware, phishing and keylogger installations. "There was a shift towards profiting from current events, in particular, donation scams for natural disasters. Phishing attacks continued to target and exploit non-financial organisations as well as banks," it highlighted.
"We anticipate increased use of Really Simple Syndication to circumvent frequent updates and patches. As more technologies like browsers, and potentially, email clients — embed RSS, there is the tendency of users to leave it unattended, and the fact that RSS clients are generally configured to self-update every 10 or 15 minutes, indicate that RSS will be seized upon as an effective method of infection," the semi-annual web security trends report by the WebSense Security Labs says.
The real-time nature of RSS, combined with the type of built-in vulnerabilities discovered several times a year, could permit hackers to compromise feed to publish exploit code.Meanwhile, the world wide web continued to evolve and grow as an attack vector in the second half of 2005, with the trend of bot-led denial-of-service attacks increasing at an alarming rate. What’s a bot-led denial-of-service attack? It’s when hundreds of thousands of computers are infected with an unauthorised software agent, while a centralised control channel does the dirty work. In addition, cyber-extortion attacks, in which money is requested from users to fix a problem created by the cyber-criminal, continue to rise.
According to WebSense, Inc., in the second half of 2005, WebSense Security Labs was successful in identifying and mitigating several new high-profile exploits, including being the first to discover the Microsoft Windows Metafile vulnerability being exploited in the wild and also uncovering websites hosting code attacking the vulnerability within the Sony BMG Music Entertainment copy protection uninstall programme.
Websense Security Labs uses a sophisticated process to scan over 75 million websites per day, looking for malicious attacks against the end-user and enterprise. The report says that the motives for creating malicious websites continued to trend away from annoyances, such as changing default homepages, to increasingly malicious purposes, such as changing browser address bars to redirect users to fake banking, commerce and other sites.
Browser and operating system vulnerabilities were exploited more frequently by spyware, crimeware, phishing and keylogger installations. "There was a shift towards profiting from current events, in particular, donation scams for natural disasters. Phishing attacks continued to target and exploit non-financial organisations as well as banks," it highlighted.
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