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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
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NASA Data Empowers Global Response to Rising Sea Levels, Here's What You Need to Know
NASA’s sea level data platform now provides coastal regions with projections through 2150, aiming to guide resilient infrastructure planning. Collaborating with global partners like the World Bank and United Nations, NASA offers data that helps governments and organisations address the impacts of climate change on communities worldwide. Coastal c...
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Taylor Swift Tour Boosts European Economy, Shows Bank Of America Data
Consumer spending growth has slowed, but not for Taylor Swift fans traveling to Europe for the Eras Tour, according to Bank of America Corp.
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UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
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US Flags "Significant" Data Gap As Bank Deploy AI In Fraud Prevention
The US financial sector faces a "significant" data gap between big and small banks as they deploy AI to fight fraud, the Treasury Department said Wednesday, noting that smaller institutions are disadvantaged.
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Medibank Data Breach: Hackers Upload More Customer Data, Say 'Case Closed' on World Cybersecurity Day
Medibank data involving several customers was released by hackers on Thursday. The hackers claimed that they had added a "full folder" of the data, and said "case closed". The insurer, which has refused to pay a ransom to the hackers, said on Thursday that there were currently no signs that banking data had been stolen.
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Emotet Botnet Found Infecting Google Chrome to Steal Credit Card Information: All Details
The Emotet botnet has begun targeting Google Chrome users to steal credit card information stored in the world’s most widely used web browser. The malware steals credit card details of unsuspecting users, then exfiltrates the data to a different command-and-control server, according to researchers. The Emotet botnet was shut down in 2021, but has...
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90 Percent of the World's Central Banks Are Exploring Launching a CBDC, Reveals BIS Survey
According to the data from a survey by the Bank for International Settlements (BIS) nine out of ten central banks around the world are exploring central bank digital currencies (CBDCs). The survey also found that more central banks are developing or testing retail CBDCs or digital currencies designed for consumer use than wholesale CBDCs designed f...
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Big Tech Data Collection Under Scrutiny After World Central Bank Group Demands More Control
World's main central bank umbrella group, the BIS, has demanded for individuals and firms to be given more control over the data harvested on them by social media, Big Tech firms and banks. In a pa[er published on Thursday, the BIS mentioned while most countries already have some laws around data use, most individuals are still were not aware of wh...
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BNY Mellon Ropes in Blockchain Analysis Firm Chainalysis to Monitor User Transactions
Blockchain data platform Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide a suite of compliance software and help the custodian bank track, record, and make use of the data surrounding crypto assets.
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Vast Leak Exposes Switzerland's 2nd Largest Bank's Trail Of Dirty Money
The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image.
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Billions Of Dollars Stashed By Pakistani Generals In Swiss Bank Accounts
A leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens, media reports said on Sunday.
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Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
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India's Economy Expected To Grow By 8.3% In 2021-22: World Bank
India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.
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IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report
The IMF's executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
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Remittances To India As Much As Pakistan, Bangladesh Budgets Combined: 5 Facts
India has, for years, been the country receiving highest remittances globally, and this year was no different. India retained the number one spot of being the country which saw the maximum amount of monetary inflow - $129 billion - from its diaspora.
-
NASA Data Empowers Global Response to Rising Sea Levels, Here's What You Need to Know
NASA’s sea level data platform now provides coastal regions with projections through 2150, aiming to guide resilient infrastructure planning. Collaborating with global partners like the World Bank and United Nations, NASA offers data that helps governments and organisations address the impacts of climate change on communities worldwide. Coastal c...
-
Taylor Swift Tour Boosts European Economy, Shows Bank Of America Data
Consumer spending growth has slowed, but not for Taylor Swift fans traveling to Europe for the Eras Tour, according to Bank of America Corp.
-
UK Armed Forces Data Exposed In Suspected Chinese Cyberattack: Report
A third-party payroll system has been hacked, potentially compromising the bank details of all serving armed forces personnel and some veterans.
-
US Flags "Significant" Data Gap As Bank Deploy AI In Fraud Prevention
The US financial sector faces a "significant" data gap between big and small banks as they deploy AI to fight fraud, the Treasury Department said Wednesday, noting that smaller institutions are disadvantaged.
-
Medibank Data Breach: Hackers Upload More Customer Data, Say 'Case Closed' on World Cybersecurity Day
Medibank data involving several customers was released by hackers on Thursday. The hackers claimed that they had added a "full folder" of the data, and said "case closed". The insurer, which has refused to pay a ransom to the hackers, said on Thursday that there were currently no signs that banking data had been stolen.
-
Emotet Botnet Found Infecting Google Chrome to Steal Credit Card Information: All Details
The Emotet botnet has begun targeting Google Chrome users to steal credit card information stored in the world’s most widely used web browser. The malware steals credit card details of unsuspecting users, then exfiltrates the data to a different command-and-control server, according to researchers. The Emotet botnet was shut down in 2021, but has...
-
90 Percent of the World's Central Banks Are Exploring Launching a CBDC, Reveals BIS Survey
According to the data from a survey by the Bank for International Settlements (BIS) nine out of ten central banks around the world are exploring central bank digital currencies (CBDCs). The survey also found that more central banks are developing or testing retail CBDCs or digital currencies designed for consumer use than wholesale CBDCs designed f...
-
Big Tech Data Collection Under Scrutiny After World Central Bank Group Demands More Control
World's main central bank umbrella group, the BIS, has demanded for individuals and firms to be given more control over the data harvested on them by social media, Big Tech firms and banks. In a pa[er published on Thursday, the BIS mentioned while most countries already have some laws around data use, most individuals are still were not aware of wh...
-
BNY Mellon Ropes in Blockchain Analysis Firm Chainalysis to Monitor User Transactions
Blockchain data platform Chainalysis recently announced that the company has joined hands with the Bank of New York Mellon Corporation (BNY Mellon), to provide a suite of compliance software and help the custodian bank track, record, and make use of the data surrounding crypto assets.
-
Vast Leak Exposes Switzerland's 2nd Largest Bank's Trail Of Dirty Money
The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image.
-
Billions Of Dollars Stashed By Pakistani Generals In Swiss Bank Accounts
A leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens, media reports said on Sunday.
-
Informal Sector Hit Hardest By COVID Crisis In India: World Bank President
''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President
-
India's Economy Expected To Grow By 8.3% In 2021-22: World Bank
India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.
-
IMF Board To Grill Ex-World Bank Chief On Data-Rigging Claims: Report
The IMF's executive board will intensify its probe of MD Kristalina Georgieva this week by separately interviewing her and investigators who said she pressured World Bank staff to alter data to favor China, people with knowledge of the meetings said.
