10 stories found
A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and…
PricewaterhouseCoopers (PwC) is implicated in questions surrounding controversial contracts between EYP (National Intelligence Service) and Krikel.
PricewaterhouseCoopers (PwC), an auditing firm criticized for not detecting the disappearance of approximately €30 million from the Croatian Ski Association, reportedly hired the son of a high-ranking official from the Croatian Olympic Committee. PwC also worked on a public tender for the HOO that allowed the committee to access millions in public funds.
KARACHI: The State Bank of Pakistan (SBP) has launched ‘Cyber Shield’, a comprehensive cyber resilience strategy, to counter growing global and domestic cyber threats to the financial ecosystem, aligning with international best practices. As part of its Vision 2028 agenda, the SBP launched Cyber Shield, a major initiative aimed at strengthening the safety and robustness of the country’s banking and financial system. The banks have been facing increasing incidents of cyber crimes, while the international organisations believe that every second Pakistani is facing the cybersecurity problem. With the rapid digitisation and very high growth of online payments, cyber threats have also increased. Bankers said the situation is not alarming, but there is a need to implement quick remedies to control it, which would help strengthen the banking system in Pakistan. Outlines key priorities to counter growing threats by 2030 “The milestones laid down in the strategy will be implemented in a phased manner by 2030. All regulated entities are required to align their internal cybersecurity programs with the strategy to ensure compliance,” said the SBP. The central bank said the strategy has been designed to better protect banks and financial institutions from cyber threats, thus ensuring that people and businesses can continue to access financial services safely. The SBP said it set out a clear roadmap to help financial institutions strengthen their systems and controls, prevent cyber incidents, respond quickly when cyber threats materialise, and recover effectively from them. “As the banking ecosystem faces increasingly sophisticated cyber threats, the strategy aims to enhance cyber defences of the regulated entities through a holistic, forward-looking and collaborative approach,” said the SBP. Bankers said cybersecurity experts are not available to meet the growing demand in financial institutions, as many young Pakistani experts prefer jobs abroad with higher pay. There is no attractive policy to retain cybersecurity experts in the country. The SBP said the Cyber Shield focuses on five key priorities: strengthening the ability of banks to withstand cyber incidents, improving governance and accountability for cybersecurity, encouraging cooperation and information-sharing across the financial sector, building skilled cyber talent, and continuously updating security practices to keep pace with new risks. “The SBP will closely monitor both global and domestic cyber developments and will update the strategy as needed to address emerging threats,” said the SBP. By strengthening cyber resilience across the banking sector, SBP aims to safeguard customers, support digital innovation in a secure environment and ensure financial stability, it added. About 90 per cent of bankers believe that cybercrime is the biggest challenge confronting the banking industry in the country, according to a previous survey conducted by PricewaterhouseCoopers (PwC) Pakistan. Seventy per cent list fraud as their major concern, and 60 per cent believe terrorism financing is the biggest threat, the survey showed. “Banks in Pakistan operate within an evolving financial crime compliance ecosystem,” said the survey report. Published in Dawn, February 17th, 2026
The Penang state government has appointed PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to chart a roadmap for the state's ambition to become an international financial hub.
PricewaterhouseCoopers (PwC) has cautioned that African organizations risk falling behind global AI leaders unless they move beyond small-scale experiments and deploy AI technology to drive growth and innovation.
The World Bank Group has debarred three African PricewaterhouseCoopers (PwC) entities for 21 months due to collusive and fraudulent practices linked to a major Ethiopia-Kenya electricity project.
PricewaterhouseCoopers (PwC) Ghana projects that the Ghana cedi will remain relatively stable in the medium term, supported by recent foreign exchange interventions and improving macroeconomic conditions.
The Hong Kong High Court is scheduled to hear the lawsuit filed by China Evergrande Group's liquidators against PricewaterhouseCoopers (PwC) International on Monday. The one-day hearing is listed on the judiciary's website.
By the second half of the 21st century, the Sino-Indian relationship will become the world’s most geopolitical, dislodging even the complex China-US cooperative rivalry. By 2050, the world’s three largest economies are likely to comprise some combination of China, India and the United States. PricewaterhouseCoopers predicts this exact order – with the US having the highest per capita income but the smallest population. Both Asian powerhouses enjoy significant theoretical complementarity. Chin...