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Union Bank bags PCI DSS Certification

By on December 3, 2014

Union Bank of Nigeria Plc at the weekend announced that it has been certified with the latest Payment Card Industry Data Security Standard (PCI DSS) – Version 3.0.

PCI DSS is a global security standard for protecting card data, created by leading card companies Visa, MasterCard, American Express, Discover and JCB.

PCI DSS version 3.0 was designed to improve usability, while reducing emerging and evolving threats to cardholder data security. The new version focuses primarily on regular staff training and proactive
business processes that identify and mitigate risks in a timely manner.

Commenting on the PCI DSS upgrade, the Head Corporate Affairs/Corporate Communication, Union Bank, Ogochukwu Ekezie-Ekaidem was quoted in a statement to have said: “As a financial institution
that provides online payment platforms to millions of customers, the protection of customer data is critical to us. “This is why we have undertaken the rigorous process to upgrade to the PCI DSS version 3.0,
to ensure our security infrastructure is at par with the highest international standards. We are very proud to be the first financial institution in Nigeria to achieve this certification.”

Furthermore, she pointed out that the new standard gives the bank added incentive to offer its customers improved data security to protect them from card fraud, identity theft, insider threats, cybercrime, hacking and other security vulnerabilities.
“Beyond the PCI DSS certification and as it seeks to reclaim its leadership position in the banking industry, Union Bank has also reinforced its overall security system through a Security Operation Centre (SOC).
“This will further guarantee that customers can conduct online transactions on more secure platforms and without any apprehensions,”
she added.

 

[ThisDay]