Hello and welcome to my first blog post. I’m Andrew Morris, Regulatory Affairs Counsel at NAFCU, and I help develop NAFCU’s advocacy with regard to payments and cybersecurity issues. Today’s blog post will focus on ransomware and address what credit unions can do to prevent, respond to and recover from these types of attacks.As you have probably heard, a notorious variety of ransomware called “WannaCrypt” locked and disabled computer systems in at least 150 countries this past weekend. Beginning late last Friday, hospitals belonging to the U.K.’s NHS reported that their systems had been compromised, and not long after, the attack reached global proportions, with a second wave of attacks hitting countries in Asia on Monday. continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
However, rising interest rates led to a 5.4% loss on its 44% fixed income allocation.This loss was the main reason behind the scheme’s overall return of 1.8% for the period, SPMS said.Steenvoorden attributed SPMS’s 5% loss on emerging market equities to slowing economies and rising interest rates, triggered by the US central bank’s tightening of its monetary policy.“Falling local currencies contributed to the investment loss,” he added.However, the director stressed that SPMS would not alter its investments in emerging markets.“We consider the disappointing performance as a temporary phenomenon and are positive about the long-term prospects,” he said.Hedge funds returned 8.5%, according to the pension fund, which noted marked performance gaps between various strategies.Steenvoorden declined to provide details on the strategies, but confirmed that returns ranged between 1% and 14%.The pension fund’s 10% property portfolio delivered an overall return of 0.2%, with European listed real estate returning 11%.By contrast, non-listed property and US listed real estate produced 1% and 2% losses last year.SPMS said that, on balance, rising interest rates had had a positive effect its financial position, as decreasing liabilities lead to a funding increase of 5 percentage points to 117% at year-end. The pension fund has granted all of its participants a 3% indexation. The €7bn pension fund for medical consultants (SPMS) in the Netherlands has reported a 50% return on its Japanese equity investments in 2013.Jeroen Steenvoorden, the scheme’s director, said: “Because we fully hedged the currency risk on the yen, we could fully benefit from the equity yield.” He added that, without currency cover, the net return in euros would have dropped to 22%.Meanwhile, SPMS’s 34% equity allocation generated a 17% return, with US and European equities returning 28.5% and 27.2% respectively.
After failing to make any significant additions to his squad since replacing Sir Alex Ferguson at the beginning of July, Moyes will finally get his chequebook out on deadline day. Everton midfielder Marouane Fellaini seems certain to be a United player by 11pm, with the potential for Leighton Baines to make the same switch from Goodison Park to Old Trafford. “What would he go down for? For me it is a penalty kick.” Indeed, Moyes claimed his side had produced their best performance of the season and indicated he would not be too concerned if he failed to make reinforcements. However, Moyes’ true feelings were given away by his admission United missed the threat of Wayne Rooney, who has been ruled out for three weeks after suffering a nasty gash on the head in training on Saturday. “Wayne would have made a difference today,” said Moyes. “We maybe lacked something different at times but we didn’t have him because of the injury.” Manchester United manager David Moyes is ready to indulge in some retail therapy to get over Sunday’s 1-0 defeat at Liverpool. And there could be more too, with Athletic Bilbao’s Anders Herrera still on Moyes’ radar despite officials from the Basque outfit insisting following Sunday’s defeat by Real Madrid that the midfielder was going nowhere. Moyes was giving little away following Sunday’s game, when United failed to score in successive Premier League matches for the first time since May 2007. “There’s a bit of all sorts of things going on,” said Moyes. “Maybe in the next how many hours we will get a chance, but I can’t give you a heads-up. “It’s not too long before we will know.” Reflecting on the game, Moyes’ main grumble centred around a penalty claim Danny Welbeck had against Iago Aspas in the second half which referee Andre Marriner turned down. “I think it is a penalty,” said Moyes. “He kicks him on the back of the leg. “He was dribbling towards the goal and was in between a few players. Press Association
CAPE TOWN/YOKOHAMA (Reuters) – Siya Kolisi completed his rags-to-riches journey from a dusty, poverty-stricken township on the eastern coast of South Africa to World Cup-winning captain on Saturday when he led the Springboks to victory over England.The first black man to captain the Springboks also became the first black player to raise the Webb Ellis Cup when his team thrashed England 32-12 at Yokohama International Stadium.Increasingly a symbol for South African unity, Kolisi did not even have a television set when the Springboks, cheered on by Nelson Mandela, won their second title in 2007. The captain of that team, John Smit, argued this 2019 triumph was even more significant.“For me, even as a guy who won it, this was a far bigger occasion because of where we’ve come from and where we’re going,” Smit said.“I always thought, was it too much of a fairytale to see Siya lift that trophy? It couldn’t have come at a better time. This will have a significant impact on our country.” Kolisi’s improved situation meant that he was able to celebrate the World Cup triumph in Yokohama with his best friend as well as his rugby-playing father.“We are really proud as South Africans. Not many people gave us a chance,” Kolisi told reporters. “It was special for all of us. I have never seen as much support as we had from the people back at home. I don’t know if we could have done it without them.“It has been awesome to have my Dad here to share this with him. And my best friend. An absolutely amazing day for all of us.“I had a conversation with my Dad. He was just happy. He’s much older than the players but they’re his heroes. I’m grateful I could bring him here.”Kolisi grew up in one of the few black areas of South Africa where rugby is as popular as soccer. Raised by his paternal grandmother, he did not pick up a rugby ball until he was seven.“BEST SHOT” His talent was quickly recognised, however, and gave him an opportunity to get away from life on the township streets as he won a bursary to Port Elizabeth’s top boys school Grey High.“Once I got my opportunity to play, I gave it my best shot,” he said on Saturday.“When I was 16, I thought, okay, maybe I can make something out of this. Coach Rassie (Erasmus) spotted me at 18 and brought me to the Stormers and I have been working hard since then.” It was Erasmus, now the Springboks coach, who handed Kolisi the South Africa captain’s armband and he explained why after Saturday’s triumph.“We had a good chat yesterday when we did the jersey presentation and he had his 50th test match running out in front,” he said. Erasmus said it was easy for people to get used to hearing stories of hardship and lack of opportunity and to therefore stop fully appreciating them.“The moment you hear that a lot, you almost get used to it.” he said. “As a team mate or rugby supporter or anybody. But when you sit down and think about it clearly, there are days when Siya went through that.“He had days when he didn’t have food. He didn’t have shoes to wear. He couldn’t get to school. Here he is as the captain and he has led South Africa to win this Cup. I think that should sum up what Siya is.”