Tag Archives: central bank

Russia says hackers stole more than $17 million from its banks in 2017

Russian authorities are now keen to show that Russia too is a frequent victim of cyber crime and that they are working hard to combat itpc: ht

Hackers stole more than 1 billion roubles ($17 million) from Russian banks using the Cobalt Strike security-testing tool in 2017, a central bank official said on Tuesday.

Russia is under intense scrutiny over cyber crime following allegations hackers backed by Moscow have attacked targets in the United States and Europe, accusations the Kremlin has repeatedly denied.

Russian authorities are now keen to show that Russia too is a frequent victim of cyber crime and that they are working hard to combat it. Continue reading

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RBI keeps REPO RATES same; Eases Home Loan provision

home-loan-guide

The Reserve Bank of India has made it possible for banks to lend more to Home buyers, and at lower rates, in a move that should benefit customers as well as real estate developers. The  central bank did this by reducing the amount of money banks have to set aside (as security)  on home loans. The reduction also means lower home loan rates. Previously, the banks had to set aside 0.4% or Rs. 400 per lakh . This has now been reduced to 0.25%, or  Rs. 250 per lakh.

 

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