Union Bank has announced its attainment of the Payment Card Industry Data Security Standard (PCI DSS) version 3.2 recertification, and the International Organisation for Standardisation ISO/IEC 27001:2013 certification.
The Bank was awarded by Panacea Infosec, Qualified Security Assessor (QSA) in conjunction with their local partner – Digital Encode, having successfully met the stringent security requirements needed to achieve the PCI DSS version 3.2 certification.
The PCI DSS is an international data security standard, which all organisations must adhere to in order to accept payment cards, and to handle or transmit cardholder data.
This standard ensures secure processing of card payments and the reduction of card fraud.
The information security management system ISO/IEC 27001:2013 is an internationally recognised standard, which specifies the requirements for the establishment of an effective information management security system.
These certifications enable the bank to offer its customers improved data security against card fraud, identity theft, insider threats, cybercrime, hacking and other security exposures.
Commenting on the Bank’s recent attainment, Executive Director and Head of Service and Technology at Union Bank, Nath Ude, said:
“The Bank’s compliance with international best practices certified by an independent third-party audit, confirms our ability to build.