Azerbaijan’s State Security Service and the Financial Market Supervisory Authority have said in a joint statement that they received information this month of cyber crimes which has caused considerable damage to local banks as millions of funds have been transferred from foreigners’ bank accounts to local banks and from there to other accounts in CIS countries by way of setting up formal companies.
In a joint operation with the Financial Market Supervisory Authority, the Security Service has detained two suspects – Russian national Lunin Pavel Sergeevich and Ukrainian national Serb Andrii Borisovich. Their bank accounts have been confiscated and the funds frozen, APA reports.
Both detainees are held on remand, charged with theft (Article 177) and illegal access to electronic data (Article 272).
The State Security Service is continuing the investigation.
The State Security Service and the Financial Market Supervisory Authority recommend that local banks consider tightening up security measures to foil possible illegal interventions.