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European Merchant Bank appoints new chief risk officer

Experienced risk management professional Eugenijus Preiksa appointed as Chief Risk Officer at EMBank

Banks to step up checks of Belarusian payments

Banks to step up checks of Belarusian payments BNS Link copied aA Lithuanian banks will from now on make more thorough checks into international payments linked to restrictions for Belarusian sectors. Kreditinės kortelės This way the European Unions decision to impose targeted economic sanctions for Belarus will be implemented, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional documents and explanations before payments to restriction-related companies are made, thus, they need to be prepared for the process to take longer. We hope clients will be understanding and cooperate with their financial services providers and will pre-consider their existing commitments and business plans related to payments to Belarusian businesses, Eivile Cipkute, the LBA president, said in a statement.

Lithuanian banks to step up checks on Belarus payments amid EU sanctions

Lithuanian banks to step up checks on Belarus payments amid EU sanctions
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Report: number of cyber security incidents up by quarter

Report: number of cyber security incidents up by quarter Link copied aA The number of cybersecurity incidents in Lithuania rose by a quarter last year, and that was largely influenced by the COVID-19 pandemic when usual activities moved online due to restrictions, according to the 2020 National Cyber Security Status Report. ProgramiÅ¡iai © Unsplash Presented at the Ministry of National Defense, the documents state that Russia-linked cyber groups are also exploiting infrastructure vulnerabilities in Lithuania, carrying out attacks on COVID-19 vaccine producers. According to institutional data, the number of cybersecurity incidents rose by 25 percent last year, and the number of incidents related to the spread of malware jumped by as much as 49 percent.

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