#icbc

[allthecanadianpolitics]

A B.C. Supreme Court judge has awarded damages to Insurance Corporation of British Columbia (ICBC)  customers whose personal data was leaked in a privacy breach linked to a series of attacks in the Lower Mainland.  On Monday, Justice Nathan Smith awarded at least $15,000 in damages for each person at risk from the data breach. In his judgment, Smith said it's important to hold organizations accountable at a time when they collect "vast amounts of personal information." "The court must stress the need for protection of that information and make clear there will be consequences for any failure to do so," he said.

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Tagging: @newsfromstolenland

[ausetkmt]

The Daily Hodl: Hackers Hit World’s Largest Bank, Forcing Financial Giant to Rely on USB Stick to Settle Trades: Report

Engineers are investigating how hackers managed to crack the New York arm of the Industrial & Commercial Bank of China (ICBC) – a financial institution with $5.74 trillion in total assets.

The hack forced the ICBC to settle trades using a USB stick while forcing banks, brokerages and market makers to reroute trades, reports Bloomberg.

The attack also disrupted the bank’s ability to participate in the Treasury’s bond auction on Thursday.

Investigators believe the ransomware gang Lockbit, which has ties to Russia, is behind the attack.

Without naming names, Bloomberg says banking leaders admit the hack highlights fears that a system-wide attack could one day bring the traditional financial system to a halt.

“The incident spotlights a danger that bank leaders concede keeps them up at night — the prospect of a cyberattack that could someday cripple a key piece of the financial system’s wiring, setting off a cascade of disruptions.”

The ICBC says it’s debating whether to ask for assistance from China’s Ministry of State Security.

The number of ransomware attacks on the financial industry has increased in recent years, according to a report from the cybersecurity firm Sophos.

“The 2023 survey revealed that the rate of ransomware attacks in financial services continues to rise. It went up from 55% in the 2022 report to 64% in this year’s study, which was almost double the 34% reported by the sector in the 2021 report. Although the sector experienced an increased attack rate, it was below the cross-sector average of 66%.”

Sophos says financial institutions are stepping up their efforts to stay secure.

The firm’s survey of 3,000 cybersecurity/IT leaders, including 336 in the financial services sector, found 81% of organizations say their data is encrypted, a 50% rise over the previous year.

[abn1blog]

ICBC Launches $11 Billion Technology Innovation Fund to Support Private Sector Growth

Introduction

Industrial and Commercial Bank of China (ICBC), the world’s largest commercial bank by assets, has announced the creation of an 80 billion-yuan ($11.04 billion) technology and innovation fund aimed at invigorating China’s private sector. This bold move highlights ICBC’s commitment to fostering technological advancements and supporting economic growth in strategic sectors.

Key Highlights

Major Investment Commitment

ICBC launched a technology innovation fund valued at 80 billion yuan ($11.04 billion).

The fund will focus primarily on hard technology sectors like semiconductors and advanced manufacturing.

Unlike prior initiatives, the fund intentionally avoids “soft technology” such as internet services.

Strategic Vision

The fund underscores ICBC’s role in implementing directives from China’s central leadership.

ICBC aims to transform favorable national policies into tangible financial support for private enterprises.

The fund embraces a “patient capital” approach, with long-term investment goals over short-term gains.

China’s Drive Toward Technological Sovereignty

A National Priority

The fund aligns closely with China’s broader ambitions to enhance its technological capabilities and reduce dependency on foreign technology amid escalating geopolitical tensions, especially with the United States.

Supporting Economic Transformation

China has increasingly emphasized technological self-reliance and innovation as pillars of its economic strategy. The fund contributes directly to the country’s 2025 development agenda, which was recently highlighted during its annual parliamentary meeting. Key areas of focus include:

Stimulating consumption

Driving breakthroughs in core technologies

Supporting high-tech manufacturing

The Role of Hard Technology in Economic Growth

Why Hard Tech?

ICBC’s prioritization of hard technologies, such as semiconductors, robotics, and precision manufacturing, reflects a shift in strategic thinking. Hard technologies offer tangible infrastructure and long-term economic benefits, making them essential to China’s industrial upgrade goals.

Bridging Capital and Innovation

By targeting hard tech, ICBC aims to bridge the capital gap for startups and scale-ups in sectors where research, development, and manufacturing capabilities require heavy upfront investment and sustained financial support.

ICBC’s Commitment to the Private Sector

Private Enterprise Empowerment

Liao Lin, Chairman of ICBC, emphasized the importance of empowering private enterprises through strategic financing. The fund will serve as a powerful tool to ensure that private firms engaged in vital tech innovation can access critical resources.

Equity Investment Strategy

Unlike traditional lending methods, this fund will adopt an equity-based investment model, giving ICBC a more hands-on role in nurturing high-potential businesses. This approach also helps reduce debt burdens on private enterprises.

Alignment with Government Policies

Partnership with Central Plans

The launch of this fund follows recent government announcements that stress the need to support technological startups through capital mobilization. China’s state planner recently revealed a 1 trillion yuan government-backed fund to support innovation-led growth in the private sector.

Coordinated National Strategy

Together with the ICBC initiative, these efforts reflect a coordinated national strategy aimed at fueling private-sector growth, supporting research and development, and creating an ecosystem that fosters innovation.

Market Impact and Future Outlook

Investor Confidence

The announcement of the fund is expected to boost investor confidence in China’s tech sector, particularly in high-tech manufacturing and semiconductors, which are considered future economic pillars.

Long-Term Economic Impact

The fund is not only a financial mechanism but also a strategic lever that could:

Accelerate the commercialization of emerging technologies

Enable small and medium-sized enterprises (SMEs) to scale operations

Support supply chain stability in critical sectors

Challenges and Opportunities

Challenges to Watch

While the fund represents a promising development, several challenges may impact its success:

Allocation efficiency and fund management transparency

Navigating geopolitical pressures

Ensuring returns without compromising on the “patient capital” principle

Strategic Opportunities

If successfully implemented, the fund could:

Position China as a global leader in high-tech innovation

Build resilient domestic tech ecosystems

Create new employment opportunities across tech sectors

Broader Implications for the Banking Industry

New Role for Financial Institutions

ICBC’s move signals a shift in the role of financial institutions from passive lenders to active enablers of innovation. It showcases how banks can influence national development by strategically channeling resources into future-critical sectors.

Driving Structural Change

Other banks may follow ICBC’s lead, integrating innovation-driven financing models and exploring partnerships with tech firms to spur broader economic transformation.

Conclusion

The ICBC Launches $11 Billion Technology Innovation Fund to Support Private Sector Growth initiative represents a significant milestone in China’s journey toward high-tech industrial development. With a focus on long-term, equity-based investments in hard technologies, ICBC is not only supporting private enterprises but also playing a critical role in shaping the future of China’s economy.

As the fund begins its rollout, its impact will be closely watched by policymakers, investors, and global markets. It has the potential to serve as a blueprint for how traditional banking institutions can evolve into champions of innovation and development in a rapidly changing economic landscape.

[sofiacruzbusiness]

Puentes con el Mundo edición 2025.

La Cancillería Argentina junto a la Secretaria de la pequeña y Mediana Empresa, emprendedores y Economía del Conocimiento.

ICBC Y Fundación ACBC lo invitan lo invitan a participar de la Edición 2025. Ciclo de Seminarios "PUENTES CON EL MUNDO" Para posicionar sus Productos y Servicios en Mercados Internacionales.

Próximo jueves 18 de marzo a 10 hs.

[lefkosahaberleri]

ABD Hazine Bakanlığı'ndan LockBit Fidye Yazılımı Grubuna Yaptırımlar

New Post has been published on https://lefkosa.com.tr/abd-hazine-bakanligindan-lockbit-fidye-yazilimi-grubuna-yaptirimlar-42675/

ABD Hazine Bakanlığı'ndan LockBit Fidye Yazılımı Grubuna Yaptırımlar

ABD Hazine Bakanlığı, LockBit fidye yazılımı grubuna yönelik yeni yaptırımlar uyguladı. Bu adım, siber suçlarla mücadele ve fidye yazılımı tehditlerine karşı alınan önlemlerin bir parçası olarak dikkat çekiyor.

https://lefkosa.com.tr/abd-hazine-bakanligindan-lockbit-fidye-yazilimi-grubuna-yaptirimlar-42675/ --------

[aimautoglass]

It is common to get a windshield cracked by a flying rock on the street, temperature changes, or anything else. But wait, are you among those who aggravate a hairline chip into a series of cracks by delaying the repair for weeks and days? Then do one thing- take your vehicle to an auto glass repair shop and get it fixed. And the good news is that you can fix your windshield for free if you are eligible. Do you want to know how? This blog will help you know everything about it, but before let’s first delve into why it is essential to fix the windshield.

[yahoo-a-post]

Head On Crash! | Vancouver's Worst Drivers

The drivers and pedistrians of my hometown! Never a dull moment here. Be on your toes. No, seriously!!!

[realignchirophysiorehab]

How Chiropractic Treatments Specifically Help with Back Pain

Back pain is a common issue affecting millions worldwide, disrupting daily life and impacting overall well-being. Managing back pain is crucial for maintaining a healthy and active lifestyle, whether it’s due to poor posture, injury, or overexertion. At Realign Chiro & Physio, we specialize in chiropractic care that provides effective, non-invasive solutions for back pain relief. Here's how chiropractic treatments specifically target and alleviate back pain.

1. Addressing the Root Cause

Chiropractic care focuses on diagnosing and addressing the underlying causes of back pain rather than just managing symptoms. This often involves misalignments in the spine, known as subluxations, which can result from poor posture, injury, or stress. By correcting these misalignments, chiropractors help restore the spine’s natural alignment, reducing pain and improving mobility.

2. Spinal Adjustments for Immediate Relief

One of the primary techniques used in chiropractic care for back pain is spinal manipulation or adjustments. This hands-on technique involves applying controlled force to specific areas of the spine, helping to realign vertebrae that may have shifted out of place. Realigning the spine not only reduces pain but also promotes natural healing by improving nerve function and circulation.

3. Improving Posture and Reducing Strain

Poor posture is a leading contributor to back pain, especially for individuals who spend long hours sitting or working at a desk. Chiropractors at Realign Chiro & Physio offer personalized posture correction strategies, including ergonomic advice and exercises. Improving your posture can alleviate unnecessary strain on the spine and muscles, preventing further back pain.

4. Enhancing Mobility and Flexibility

Chiropractic care also enhances the mobility of the spine and surrounding muscles. Stiffness and restricted movement often accompany back pain, making it difficult to carry out everyday activities. Chiropractic adjustments help loosen tight areas, improve flexibility, and restore a full range of motion, making it easier for you to move without discomfort.

5. Holistic Approach to Long-Term Relief

At Realign Chiro & Physio, we take a holistic approach to back pain management. In addition to spinal adjustments, we incorporate complementary therapies like massage therapy, stretching exercises, and physical rehabilitation to support your body’s natural healing processes. These therapies work together to strengthen muscles, improve balance, and prevent future injuries.

6. Drug-Free and Non-Invasive Treatment

One of the greatest benefits of chiropractic care is that it’s a drug-free and non-invasive treatment option. Many people turn to painkillers to manage their back pain, which can provide temporary relief but often come with side effects. Chiropractic treatments, on the other hand, focus on natural, lasting relief without the need for medication or surgery.

7. Personalized Care Plans

Back pain is not a one-size-fits-all condition, which is why our chiropractors at Realign Chiro & Physio create personalized treatment plans tailored to each patient’s needs. Whether your pain is acute or chronic, caused by an injury or long-term posture issues, our chiropractors will assess your condition and design a customized plan to help you achieve optimal recovery.

8. Preventing Future Back Pain

Beyond addressing current back pain, chiropractic care plays a key role in preventing future pain. By maintaining spinal alignment, strengthening core muscles, and promoting good posture, chiropractic treatments help reduce the risk of recurring pain and discomfort. This proactive approach ensures long-term back health, allowing you to live pain-free.

Conclusion

Chiropractic treatments offer a powerful solution for back pain relief by focusing on the root causes, realigning the spine, and improving overall function. At Realign Chiro & Physio, we are dedicated to helping our patients find lasting relief from back pain through personalized, non-invasive care. Whether you’re dealing with chronic pain or an acute injury, our team is here to help you regain your mobility and enjoy a pain-free life.

Contact us today to schedule a consultation and take the first step toward better spinal health and back pain relief.

[finans-ve-bankacilik-haberleri]

Asya-Pasifik Hisselerinde Yükseliş ve Çin'in Bankalara Sermaye Enjeksiyonu Planı Asya-Pasifik Hisselerinde Yükseliş Hafta boyunca Çin teşviklerinin olumlu etkisiyle Asya-Pasifik borsa endeksleri, özellikle teknoloji sektöründeki güçlü perfor...

[if-haber]

Asya-Pasifik Hisselerinde Yükseliş ve Çin'in Bankalara Sermaye Enjeksiyonu Planı Asya-Pasifik Hisselerinde Yükseliş Hafta boyunca Çin teşviklerinin olumlu etkisiyle Asya-Pasifik borsa endeksleri, özellikle teknoloji sektöründeki güçlü perfor...

[bankacilik-ve-finans-haberleri]

Asya-Pasifik Hisselerinde Yükseliş ve Çin'in Bankalara Sermaye Enjeksiyonu Planı Asya-Pasifik Hisselerinde Yükseliş Hafta boyunca Çin teşviklerinin olumlu etkisiyle Asya-Pasifik borsa endeksleri, özellikle teknoloji sektöründeki güçlü perfor...

[son-bankacilik-finans-haberleri]

Asya-Pasifik Hisselerinde Yükseliş ve Çin'in Bankalara Sermaye Enjeksiyonu Planı Asya-Pasifik Hisselerinde Yükseliş Hafta boyunca Çin teşviklerinin olumlu etkisiyle Asya-Pasifik borsa endeksleri, özellikle teknoloji sektöründeki güçlü perfor...

[thescienceagriculture]

15 World's Largest Bank in The Year of 2023

[pranaphysiotherapysurrey]

It's Time to Celebrate Pain-Free Movement! Prana Physiotherapy - Your Trusted Physiotherapy Clinic in Surrey

Experience the transformative power of physical therapy! Discover how our expert therapists at Prana Physiotherapy can help you overcome pain, improve mobility, and enhance your overall well-being. Enjoy the benefits of personalized treatment, backed by science, in our Surrey and New Westminster clinics. Schedule your consultation today!