Tag: Breach

  • Pakistan did not breach any of IMF conditions by reducing petrol price: Aisha Ghaus Pasha

    Pakistan did not breach any of IMF conditions by reducing petrol price: Aisha Ghaus Pasha

    Following the government’s decision to lower the price of petroleum products, Minister of State for Finance and Revenue Aisha Ghaus Pasha gave the assurance that Pakistan had not violated any of the terms set forth by the International Monetary Fund (IMF).

    According to Geo, there have been numerous rumours surrounding the future of the IMF contract ever since Finance Minister Ishaq Dar cut the price of gasoline last week.

    Since he was sworn in, Dar and his predecessor Miftah Ismail were unable to cooperate because they held divergent views on the IMF agreement and the gradual elimination of gasoline subsidies.

    Pasha responded to the worries by stating that Pakistan had some margin, which the government utilised to relieve the people by lowering the price of gasoline by Rs12.63 per litre.

    She said that the government is still committed to the IMF programme and intends to provide relief to the flood hit masses without tampering IMF conditions.

    Moreover, she said that the government officials are scheduled to meet IMF representatives this month and both sides will discuss things in detail.

    Speaking of the rupee-dollar controversy, she said that the central bank is investigating eight known banks in this issue regarding the banks involved in currency manipulation. Strict action will be taken against any bank found guilty according to Pasha.

    Earlier, the Senate Standing Committee on Finance had summoned the representatives of eight commercial banks that were issued show-cause notices by the central bank on suspicion of currency manipulation.

  • Putin grants Russian citizenship to Edward Snowden, who disclosed top secret US surveillance

    Putin grants Russian citizenship to Edward Snowden, who disclosed top secret US surveillance

    Edward Snowden, a former security expert who exposed top-secret American surveillance programmes and is still wanted by Washington on espionage charges, was granted citizenship by Russian President Vladimir Putin on Monday.

    In order to avoid punishment, Snowden, who considers himself a whistleblower, left the United States and has been residing in Russia since that country gave him refuge in 2013.

    In a decree that Putin signed, Snowden, 39, was one of 72 foreigners who received citizenship.

    His attorneys stated at the time that he was filing for a Russian passport without renunciating his American citizenship when he was given permanent status in 2020.

    The state-run news agency RIA Novosti was informed on Monday by Snowden’s attorney, Anatoly Kucherena, that Snowden’s wife, Lindsay Mills, is also in the process of seeking for Russian citizenship. In 2014, Mills accompanied Snowden to Moscow. In 2017, they got married, and now they have a son together.

    Additionally, Kucherena stated that because of Snowden’s lack of combat experience, he would not be subject to the partial military mobilisation that Putin ordered last week to support Russia’s waning war in Ukraine. Putin claimed that only individuals with prior experience would be called up for partial mobilisation, but there have been several stories of other people receiving summonses, including those detained during anti-mobilization protests.

    According to CNN, White House press secretary Karine Jean-Pierre refused to comment on Snowden’s new passport, and instead referred questions to the prosecutors seeking his extradition. “Soc, since I believe there have been criminal charges brought against him, we would point you to the Department of Justice for any specifics on this,” Jean-Pierre said.

    Snowden’s revelations were the largest security breach in American history as it exposed the top-secret NSA programme PRISM’s use of surveillance and the collection of a wide spectrum of digital data.

    Putin stated in a documentary directed by American Oliver Stone in 2017 that he did not view Snowden as a “traitor” for disclosing official information.

    “As an ex-KGB agent, you must have hated what Snowden did with every fiber of your being,” Stone says in the clip.

    “Snowden is not a traitor,” Putin said. “He did not betray the interests of his country. Nor did he transfer any information to any other country which would have been pernicious to his own country or to his own people. The only thing Snowden does, he does publicly.”

    Snowden justified his decision to submit a dual citizenship application in 2020.

    “After years of separation from our parents, my wife and I have no desire to be separated from our son. That’s why, in this era of pandemics and closed borders, we’re applying for dual US-Russian citizenship,” Snowden wrote on Twitter at the time.

    “Lindsay and I will remain Americans, raising our son with all the values of America we love — including the freedom to speak his mind. And I look forward to the day I can return to the States, so the whole family can be reunited,” Snowden added.

  • Apple warns of security flaw that lets hackers take full control of iPhones, iPads and MacBooks

    Apple warns of security flaw that lets hackers take full control of iPhones, iPads and MacBooks

    To protect against two security loopholes that might let hackers take full access to a user’s iPhone, iPad, or Mac, Apple owners have been warned to update their products immediately.

    Apple stated that there are solid reports suggesting that hackers have already been taking advantage of the flaws in both cases to attack users.

    According to Apple, one of the software flaws affects the kernel, the most core component of the operating system used by all devices. The other has an impact on WebKit, the engine that powers the Safari web browser.

    By accessing the settings menu on a mobile device or the “about this Mac” menu on a computer, users of macOS Monterey can get the update.

    According to experts, a hacker could gain “complete admin access to the device” and “run any code as if they were you, the user,” according to Apple’s explanation of the vulnerability.

    People “in the public spotlight,” such as activists or journalists, who could be the focus of sophisticated nation-state eavesdropping, should pay special attention to updating their software, according to Tobac.

    The vulnerabilities were previously categorised as “zero-day” issues since a fix had been made available for them for zero days prior to the fix’s release. Such flaws are extremely lucrative on the open market, and cyberweapon dealers will pay thousands or even millions of dollars for them.

  • State Bank of Pakistan fines major banks for violating regulations

    State Bank of Pakistan fines major banks for violating regulations

    Banks operating in Pakistan have been slapped with hefty fines from the State Bank of Pakistan (SBP) totaling Rs131.4 million as a result of enforcement action against infractions of its established policies.

    According to the specifics, SBP fined JS Bank Limited Rs85.148 million, the highest sanction of the three banks, for breaking regulator guidelines regarding CDD/KYC, Asset Quality, FX, and General Banking Operations. Additionally, the central bank has recommended JS Bank Limited to improve its processes and controls in the areas that have been highlighted.

    In addition, Habib Bank Limited was fined Rs29.035 million for disobeying regulatory directives regarding CDD/KYC. The bank has been urged to tighten its controls and procedures in the highlighted areas in addition to the punitive action.

    Last but not least, the Bank of Punjab was additionally penalised Rs17.243 million for breaking regulatory guidelines relating to Asset Quality & CDD/KYC. Along with taking legal action, the bank has been urged to tighten its procedures and controls in the highlighted areas.

    The SBP has previously imposed fines totaling more than Rs100 million on four banks for regulatory violations.

    Read more: Rupee gains ground against dollar for second day, closes at Rs238

    Earlier, due to a breach of asset quality regulations, the National Bank of Pakistan (NBP) was fined Rs19.26 million. Additionally, U Microfinance Bank Limited which is owned by Ufone was fined Rs10.26 million and given the go-ahead to launch an internal investigation into any violations of regulatory directives as well as to discipline any indiscreet employees.

    According to SBP, these actions are based on shortcomings in the observance of regulatory directives and do not reflect poorly on the businesses’ financial soundness.

  • Italian spyware hacks Apple and Android smartphones

    Italian spyware hacks Apple and Android smartphones

    A report released on Thursday by Alphabet Inc.’s Google revealed that a hacking tool created in Italy was used to spy on Apple Inc. and Android smartphone users in Kazakhstan and Italy.

    The report claimed that RCS lab, a Milan-based company whose website lists European law enforcement agencies as clients, created tools to spy on the private messages and contacts of the targeted devices.

    Regulators in Europe and America have been considering possible revisions to the laws governing the sale and import of spyware.

    “These vendors are enabling the proliferation of dangerous hacking tools and arming governments that would not be able to develop these capabilities in-house,” Google said.

    According to Billy Leonard, a senior researcher at Google, the hackers occasionally collaborated with the target’s ISP, which suggests that they had connections to the government.

    Requests for comment from the governments of Italy and Kazakhstan were not immediately returned. According to a spokesperson for Apple, the company has cancelled all known accounts and certificates linked to this hacking campaign.

    According to RCS lab, its goods and services are compliant with European regulations and support criminal investigations.

    Government spyware has become a growing global industry in recent years. More and more businesses are being accused of supporting governments that, in some cases, use these tools to repress civil and human rights.

    When it was discovered that numerous governments were using the Pegasus spyware from Israeli surveillance firm NSO to spy on journalists, activists, and dissidents, there was a widespread outcry against the industry.

  • Lahore Police officials will now wear ‘body cams’ to fight crime

    Lahore Police officials will now wear ‘body cams’ to fight crime

    Lahore Police has planned to utilise Body Worn Cam at E-Police checkpoints on the entry and exit points of the provincial capital for the welfare of the public, according to the Senior Superintendent of Police (SSP) Operations Wing Lahore Captain (retd) Mustansir Feroze. 

    He claimed that the Lahore Police Department’s plan will not only keep the city secure but also minimize citizen-police conflicts. He added that the interaction (audio and video) between police officers and civilians would also be recorded by the Body-Worn Cam.

    According to SSP Operations, this measure will aid in identifying criminals as well as eliminating terrorism. He claimed that this method would re-establish public trust in the police force, and also that citizens can lodge complaints on 1787.

    Read more: Islamabad Traffic Police intensifies crackdown against wrong parking

    Senior police officials will supervise the programme and would offer on-the-spot instructions to address the public’s complaints.

    Body cameras are already being used in a number of other nations, but they have never been deployed by police in Pakistan. This idea will undoubtedly aid higher-ranking Lahore police officials in combating crime and monitoring how officers perform throughout the day and their attitude toward civilians.