{"id":185881,"date":"2017-08-02T21:20:19","date_gmt":"2017-08-02T21:20:19","guid":{"rendered":"https:\/\/www.meydan.tv\/article\/azerbaijani-banks-are-vulnerable-to-cyberattacks\/"},"modified":"2021-10-29T14:25:24","modified_gmt":"2021-10-29T10:25:24","slug":"azerbaijani-banks-are-vulnerable-to-cyberattacks","status":"publish","type":"post","link":"https:\/\/www.meydan.tv\/en\/article\/azerbaijani-banks-are-vulnerable-to-cyberattacks\/","title":{"rendered":"Azerbaijani Banks Are Vulnerable to Cyberattacks"},"content":{"rendered":"
\n \"\"
<\/figcaption><\/figure>\n

\n Azerbaijani law enforcement agencies have arrested a group of people suspected of cybercrimes, according to a
\n
\n statement
\n <\/a>
\n published 1 August by the Ministry of Internal Affairs (MIA).<\/p>\n

The suspects are accused of illegally obtaining the bank cards of foreigners and using them to \u2018make online payments on the territory of Azerbaijan, to transfer large amounts of money to various accounts, and to attempt to steal from citizens\u2019 bank accounts.\u2019<\/p>\n

In a recent
\n
\n interview
\n <\/a>
\n , lawyer and banking expert Akram Hasanov warned of the threat of cyberattacks. \u2018Unfortunately, the banking sphere is susceptible to cyber threats throughout the world. Considering the sorry state of the banking sector in our country, it is essential that the government pass a number of regulations providing cybersecurity.\u2019<\/p>\n

According to Hasanov, one of the problems in providing cybersecurity is the cost. \u2018After the
\n
\n devaluation
\n <\/a>
\n of the national currency, Azerbaijan\u2019s banks faced enormous difficulties, many were even forced to close due to bankruptcy. Virtually all the financial institutions have problems today. Consequently, few of them can afford to acquire expensive security systems requiring constant upgrading,\u2019 he explained.<\/p>\n

As a result, the security at Azerbaijan\u2019s financial institutions has worsened, provoking an \u2018avalanche\u2019 of cyberattacks, said Hasanov.<\/p>\n

The arrest of the latest group of alleged cybercriminals would seem to be only a small part of the difficult problem of providing security for Azerbaijan\u2019s banking system.<\/p>\n

The Azerbaijani authorities have opened a criminal case against Sumgayit residents Ruzigar Baylarov, Hamid Azimzadeh, Sabuhi Guliyev, Baku resident Elnur Aghayev, Lachin native Elkhan Abdulkarimov and \u2018other group members,\u2019 according to the MIA. They have been charged with \u2018theft by means of carriers of electronic information\u2019 and \u2018illegally obtaining digital information.\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"

The arrest of a group of alleged cybercriminals is a small part of a much bigger battle.<\/p>\n","protected":false},"author":11,"featured_media":90029,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[37],"tags":[],"class_list":["post-185881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"acf":[],"yoast_head":"\nAzerbaijani Banks Are Vulnerable to Cyberattacks - MEYDAN.TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.meydan.tv\/en\/article\/azerbaijani-banks-are-vulnerable-to-cyberattacks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Azerbaijani Banks Are Vulnerable to Cyberattacks - 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