Poll: Azerbaijani banking sector is impenetrable to external attacks

Azerbaijan, Baku, March 15 / Trend L. Abdullayeva /

The information security level of Azerbaijani banks is at a high level. This is a conclusion as a result of a survey conducted by Trend among Azerbaijani banks.

The Iranian group WHITE HAT HACKERS threatened some time ago that it intends to commit a major hacker attack on the Azerbaijani banking system.

The International Bank of Azerbaijan (IBA) finds itself safe against outside attacks as all necessary action has been carried out to ensure IBA has total information security.
"The essence of these actions is not subject to disclosure," the bank said.

According to IBA, there is a 100 per cent possibility of such attacks because it is impossible to prevent such attempts.

Muganbank has been tightened up for its information security because professionals are working at the IT-department of the bank.

"Like many other major organisations, our bank was attacked by hackers," the bank's marketing department said. "We have a thorough approach to the assessment of such threats, but it is often a simple threat without good reason."

Meanwhile, the bank believes that one must not ignore or underestimate the threats in cyberspace. A theoretical evaluation of a hacker attack is necessary to create the right strategy to forestall and prevent threats. Therefore, information security is always a priority for Muganbank.

AccessBank is using a defence in-depth methodology to reduce the risk of hacker attacks. It envisages the protection of each area in the information system.

"Of course, different cyber-attacks were made on our systems such as collecting data and targeted attacks," the bank said. "These attacks have been registered by our protection means and experts are taking the appropriate security measures."

Meanwhile, information security requires constant attention and AccessBank is continuously paying attention to this issue. The relevant organisations are operating to increase an information security level of information systems of the bank. New systems are being created and the existing ones are being improved.

Hacker attacks and other security threats successfully bypassed Unibank due to sufficient information security of the bank.

"An attack can be made at any time and a threat of a hacker attack will be assessed depending on the power of the hacker group," the bank said. "WHITE HAT HACKERS is not considered a powerful hacker organisation compared to say, Anonymous. Its potential will not be enough to avoid the security systems of the world leaders which protect our information system."

Unibank's information system security systems are powerful enough to resist the pressure from individual hackers and their groups.

The bank is conducting several activities such as design, implementation and maintenance of security systems to ensure information security.

According to Unibank, the Azerbaijani Central Bank (CBA), having a strong information security department, very competently and promptly controls the information security level of Azerbaijani banks. The requirements for information security systems by the Central Bank are being tightened as the situation is changing in cyberspace.

The Azerbaijani banking sector is resistant to hacker attacks, CBA Director General Rashad Orujov said.

"This is nonsense," he said. "After this statement was made, we have instructed all banks to check whether there were threats or such attacks. There is no information about any hacker attempts."

He said that there are CBA requirements towards banks in the field of information security and these issues are regulated.

There are 43 banks in Azerbaijan.

Iran's awaits action from US over JCPOA
Iran's awaits action from US over JCPOA
Iran's Atomic Energy Organization talks Bushehr Nuclear Power Plant
Iran's Atomic Energy Organization talks Bushehr Nuclear Power Plant
List of Iran's nuclear facilities to remain secret – Salehi
List of Iran's nuclear facilities to remain secret – Salehi
Loading Bars
Latest
Int’l Model Non-Aligned Movement Simulation Exercise underway - Azerbaijan Foreign Ministry
Azerbaijan, Germany interested in increasing mutual trade turnover - Deputy minister
Iran's Energy Exchange announces products to be on sale on March 3
Azerbaijani State Agency of Automobile Roads talks about repair and construction on roads
Azerbaijani Finance Ministry places medium-term bonds at auction
Azerbaijan shows footage from Ucbulag village of Fuzuli district (PHOTO/VIDEO)
Georgia to receive first doses of COVID-19 vaccine via Covax platform in February
Irrigation systems to be put into operation in Iran’s agricultural sector
Azerbaijani Defense Ministry shares updated list of martyred servicemen in Second Karabakh War
Larization of loans increase in Georgia
Georgian AgroZone products to be exported abroad from Kutaisi Airport
Turkish specialists together with Azerbaijan’s AzTV to shoot film in Nagorno-Karabakh region
Ro-Pax ferry vessel commissioned by Azerbaijan's president - video report
Azerbaijani winemakers’ production down in 2020
Azerbaijan, Tajikistan discuss development of tourism co-op
Georgia’s banking sector begins year with profit
France uses only quarter of Astrazeneca vaccine doses
Uzbek-Korean JV to buy spare parts for electric actuator via tender
Kazakhstan identifies priority tasks to develop agriculture by 2025
Georgian Ministry of Finance sees decrease in mobilized income tax
Likelihood of interest rate decrease in Azerbaijan for 2021 seems minimal - Unicapital
Azerbaijan's AzNET segment neutralizes more phishing attacks in Jan.2021
Azerbaijan's new borrowings not to raise debt burden - Gazprombank
Azerbaijan studying Turkey's experience to strengthen institution of primary health care (PHOTO)
Uzbekistan, Azerbaijan talk big potential for co-op in agriculture
Hertz set to ride out of bankruptcy with $4.2 billion from investment firms
Money transfers via int'l payment systems down in Kazakhstan
Azercell obtains yet another award on customer experience management
German companies may take part in restoring Azerbaijan's liberated lands - ambassador
Excavation of well in Iran's Ahvaz oil field launched
Uzbekistan considers resuming air communication with Russia
Bahar Azadi gold coin price again falling in Iran
Kazakhstan, Georgia resume mutual flights as COVID-19 restrictions lifted
Uzbekistan eyes expanding mutually beneficial relations with foreign partners
Azerbaijan and Germany to continue co-op on improving qualifications of managers
Generation data of Iran's Shahid Rajaee TPP announced
Lithuania supports subsidizing renewable energy projects in Georgia
Demand for pick-up trucks in Azerbaijan may increase - expert
Kazakhstan boosts agriculture output, sets up tasks for sector's dev't
Turkey issues Jan. 2021 data on passenger traffic at Istanbul Airport
Azerbaijani company discloses output of primary aluminum
Spain's jobless hit four million for first time in five years as pandemic curbs bite
Volume of exports from Iran's Qom Province increases
S.Korean oil company holding exploration on land plots in Uzbekistan
EU executive says joint vaccine strategy not unravelling
Azerbaijan, Germany discuss expanding cooperation in oil & gas sector
Azerbaijani business environment entering recovery period - Minister of Economy
Iran's awaits action from US over JCPOA
Indonesia says identifies two cases of British COVID-19 variant
Europe – Iran held business forum to expand trade
Uzbek-Russian JV completes geological exploration at Akchalak investment block
Azerbaijani electricity supplier first to use special-purpose UAVs
Iran reaches gas export growth
Turkish president instructs to shoot TV series about Karabakh war victory
Cargo, passenger traffic via Turkish Sabiha Gokcen Airport down from early 2021
Germany to extend coronavirus lockdown until March 28
Iran unveils data of imports, exports through Anzali port
Azerbaijan records notable growth in population's US dollar demand
Iran reveals COVID-19 data for March 2
Azerbaijani Association of Travel Agencies and Association of Travel Bloggers sign agreement of understanding (PHOTO)
Union ministers Amit Shah, S Jaishankar get Covid-19 vaccine after PM Modi
Azerbaijan to hold new auction for public property facilities
Azerbaijan in cooperation with Turkey to make movie about Karabakh War
TV, radio channels to be non-accredited for 2021 Formula 1 Azerbaijan Grand Prix
Iran's Changuleh - 'a very complex oil field', says official
Proven gas reserves not adequate to furnish rising demand
BHOS launches next ‘Business Education for Engineers’ course
Iran to build combined cycle power plan in Mazandaran Province
Azerbaijan confirms 143 more COVID-19 recoveries
Gold, silver prices down in Azerbaijan
Nitin Gadkari: Despite Covid, highway construction at a record of over 32 km a day
IAF To Take Part In Multinational Exercise "Desert Flag" With France, US In UAE
Uzbekistan reports increases in gasoline price
Uzbek ministry to purchase computer equipment via tender
Uzbek commodity exchange reports volume of RON-80 gasoline sold
Russia's Novak preparing for OPEC+ meeting on March 4
UK's European Technology Development Ltd interested in doing business in Turkmenistan
Iran discusses potential of power transmission lines to neighboring countries
Uzbek commodity exchange reports volume of goods sold for Feb. 22-28
Azerbaijan's Tax Service registers local affiliate of UAE's Masdar company
Azerbaijan shares data on mortgage and guaranteed loans issued over February 2021
Azerbaijan reveals amount of foreign currency bought by banks
Georgia shares details of state property privatized for symbolic price
F1 Azerbaijan Grand Prix 2021 to be hosted without spectators
F1 Azerbaijan Grand Prix to be held until 2024
Georgia reports 461 new cases of coronavirus for March 2
Failure to bring more barrels to trigger prices spiking beyond $70/bbl
Turkmenistan's State Enterprise opens tender to buy electrical equipment
European Investment Bank's loan reinforces support for recovery of Georgian MSMEs
Accreditation of journalists for 2021 Formula 1 Azerbaijan Grand Prix starts
SOCAR Turkey to use IBM Hybrid Cloud Solution
Changes to be made to holding of F1 Azerbaijan Grand Prix 2021 - Baku City Circuit
Iran plans to extract large amount of oil from Azar field
Russian financiers to invest in textile production in Kazakhstan
Azerbaijan's minister of culture meets with Turkish MFA's head
Agricultural work carried out in Turkmenistan’s Akhal region
Azerbaijan first in TOP-5 economic freedom gainers in Europe - Index of Economic Freedom report
Kazakhstan reveals number of agricultural investment projects on target
Turkey publishes data on cargo shipment via local ports from Iran
Azerbaijani Azerenerji reconstructing country's second largest HPP (PHOTO/VIDEO)
All news