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
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