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Keystone Bank bags PCI-DSS certification

By on July 22, 2014

Keystone Bank Limited has disclosed that it has received a certificate of compliance on the successful completion of the Phillips Consulting assessment on Payment Card Industry Data Security Standards (PCI-DSS).

The PCI-DSS is an extensive set of guidelines developed by five of the top global payment card brands and adopted worldwide by card services providers, including card issuers, banks, transaction switching companies and merchants. This is to better protect customers’ payment card information from compromise and fraud through increased controls around the storage, transmission and processing of card data.

A statement quoted the bank’s Executive Director, Operations and Technology, Mrs. Yvonne Isichei, while speaking on behalf of the Managing Director/Chief Executive Officer, Keystone Bank, Mr. Philip Ikeazor, to have said: “Keystone Bank had engaged the services of Phillips Consulting to guide it through the implementation of the standard and conduct the final certification assessment.”

According to him, the result of the assessment was that amongst other things, Keystone Bank achieved the “creation of a restricted card data environment within our network; the identification and sanitisation of card data from the general network environment and provision of training for our staff on card data security best practices and general awareness building on the PCI-DSS requirements.”

While presenting the certificate, Associate Partner, Phillips Consulting, Mr. Wole Ogundare, encouraged Keystone Bank to continue to comply with required standards, adding: “Compliance is not a destination but a journey.”

PCIDSS is one of the several globally recognised and accepted standards championed by the Central Bank of Nigeria in its IT standards roadmap for adoption by the industry.

 

 

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