Cyprus And India Forge Strategic Alliance In Professional Accounting

The Institute of Certified Public Accountants of Cyprus (Selk) and the Institute of Chartered Accountants of India (ICAI) have formalized a new chapter in international collaboration with the signing of a Memorandum of Understanding. This strategic initiative, endorsed during President Nikos Christodoulides’ official visit to India, underscores a shared commitment to enhancing professional standards and business services across borders.

Enhancing Transnational Professional Standards

The agreement, executed by Chrysilios Pelekanos on behalf of the Cyprus-India Business Association and authorized by the Selk president Odysseas Christodoulou, establishes a comprehensive framework for cooperation. Both organizations will work together to exchange expertise in accounting, auditing, professional education, and various business services, thereby strengthening the overall quality and recognition of the profession.

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Expanding Global Networks Through Strategic Partnerships

ICAI, renowned as one of the world’s most influential professional accounting bodies, brings its extensive network and expertise to the collaboration. With this alliance, Selk not only reinforces its commitment to international standards but also bolsters Cyprus’ reputation as a competitive hub for professional services.

Driving Innovation Through Knowledge Exchange

In addition to fostering the exchange of best practices, the MoU paves the way for joint educational initiatives, professional training, and the hosting of conferences. These efforts are anticipated to further elevate the international stature of accounting and auditing professionals in both regions.

Strengthening Bilateral Relations

During the visit, high-level discussions with India’s High Commissioner, Manish Manish, further affirmed the robust bilateral ties between Cyprus and India. The meeting highlighted the potential for expanded cooperation not only in the professional services sector but also in broader business collaborations, positioning both countries for mutual growth.

This landmark partnership reflects a forward-thinking strategy by Selk to extend its international influence while fortifying Cyprus’ role as a trusted center for professional services in the global arena.

The Future Forbes Realty Global Properties

Passkeys Are The Gold Standard For Account Security. So Why Don’t More Major Apps Offer Them?

by THEFUTURE.TEAM

June 25, 2026

Passkeys are increasingly being promoted as one of the most effective ways to protect online accounts. By reducing reliance on passwords, they help prevent phishing attacks, simplify sign-ins and strengthen account security. Despite those advantages, however, many major digital platforms have yet to adopt the technology.

A Security Upgrade Still Missing At Scale

That gap is the focus of whynopasskeys.com, a new site created by security researcher Scott Helme to highlight companies that have not yet enabled passkeys for their users. The site tracks major consumer brands that continue to rely on older login methods even as passkeys become the industry standard.

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Among the services still without passkey support are Instagram, Netflix and Spotify, according to the site’s data.

Why Passkeys Matter

Unlike traditional passwords, passkeys are generated on a user’s device and linked both to that device and to a specific website or application. Authentication can be completed through biometrics such as Face ID or Touch ID, a hardware security key or a password manager.

Because users do not need to create or remember passwords, opportunities for credential theft, phishing attacks and password reuse are significantly reduced. In most cases, gaining access to an account would require direct access to the user’s device.

Public Accountability As A Pressure Tactic

In a blog post explaining the project, Helme said the goal is to create pressure by making the absence of passkey support visible. “A list is a surprisingly effective motivator. Nobody wants to be on the list,” he wrote.

That approach has already worked elsewhere in cybersecurity: when businesses are publicly compared against peers on basic protections, they often move faster to close the gap. In this case, the list is intended to push platforms to give users a stronger and simpler login option.

The Companies Moving Faster

Many large technology companies have already adopted passkeys, including Apple, Google and Microsoft, reflecting the technology’s growing role in account security.

Implementation, however, remains uneven. Instagram users can currently access passkeys only when their account is linked to a Facebook account that already has passkey support enabled, highlighting differences in adoption even within the same company.

The Bigger Business Question

Meta has not publicly explained why passkeys are available on some of its platforms, including Facebook and WhatsApp, but not fully across Instagram.

Debate within the industry is no longer centred on whether passkeys work, but on how quickly companies are willing to deploy them. As phishing, credential theft and account fraud remain persistent cybersecurity challenges, passkeys are increasingly being viewed not as an optional feature but as an emerging security standard.

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