THE Bank South Pacific Financial Group Ltd (BSP) has warned its customers to protect their accounts’ personal identification number (PIN).
Chief executive officer Robin Fleming told The National that some of the bank’s customers had experienced fraudulent activities in their accounts due to card cloning.
Fleming said police were investigating the matter and the bank was carrying out an awareness for customer protection.
POLICE in Papua New Guinea are warning users of bank cards to be wary of a money laundering syndicate operating in the country after complaints of money going missing from people’s accounts.
Assistant Commissioner of Police Crimes Hodges Ette told The National that a married couple in West New Britain had already been arrested by police after the money which went missing from two personal accounts were traced to their bank account.
The money went missing from the accounts of two Papua New Guineans.
“They noticed money missing from their accounts amounting to K2,000 and K5,000,” he said.
PNG INFORMATION and Communications Technology Minister Timothy Masiu says the Government has endorsed to start the use of cloud services through a whole-of-government approach as part of implementing cost-effective and efficient computing services.
Masiu stressed that government computing costs were an annual headache and the decision to migrate to the cloud was taken as a cost-saving measure as well.
“Government employs about 122,000 people and this is equivalent to tens of thousands of computers, UPSs, software, servers and volumes of data generated and stored with mounting software licence renewal, security and maintenance costs,” he said.
BANK South Pacific (BSP) Ltd will apply to the Investment Promotion Authority (IPA) to change its company name to Bank South Pacific Financial Group Ltd, says chief executive officer Robin Fleming.
Fleming said this was to meet a requirement to allow it to be listed on the Australian securities exchange (ASX).
He said companies could not be registered in Australia with the word “bank” as part of its company name unless they were regulated by the Australian prudential regulatory authority (Apra).
A THIRD mobile service operated by Digitec Communications Ltd will enter PNG market before end of the year, PNG Information and Communications Technology (ICT) Minister Timothy Masiu says.
Masiu said this following a visit to Digitec’s head office in Waigani, Port Moresby recently.
Presentations by Digitec’s chief executive officer Pradeep Lal and chief technical officer Justine Prakash highlighted that the construction of over 1,100 towers was set to be completed and, once in full operation, would see up to 1,000 new jobs on the market ranging from sales and marketing, to engineering and ICT-specific jobs.
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