Union Bank, a prominent and reliable financial institution in Nigeria, has achieved a significant milestone by securing the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This upgrade from the previous PCIDSS version 3.2 underscores the bank’s commitment to adhering to the highest standards of data security and fraud prevention.
About the Certification
The Payment Card Industry Data Security Standard (PCIDSS) is the leading information security standard for payment cards, aimed at improving controls over cardholder data and reducing unauthorized use and fraud. The PCIDSS 4.0 certification reflects Union Bank’s adherence to rigorous data security practices and its ongoing efforts to enhance card payment security.
Bank’s Statement
Francis Mojoyinola, Chief Information Security Officer at Union Bank, expressed pride in the achievement, stating: “Union Bank is delighted that we have again been acknowledged for the considerable work we have put into attaining better controls and card payment standards. This certification demonstrates our ability to provide top-of-the-line cybersecurity standards and solutions that help us manage and reduce risk exposure. Our focus remains on our esteemed customers, as we strive to build a secure data security structure for safer and more straightforward innovative banking services.”
Certification Process
The certification was awarded by CyberCube Services Pvt. Ltd., a renowned technology firm specializing in advanced cybersecurity solutions. CyberCube Services is known for its expertise in cybersecurity compliance management and vulnerability management, making it a trusted partner in combating cybercrime.
Future Outlook
Union Bank’s attainment of the PCIDSS 4.0 certification reflects its ongoing dedication to maintaining high standards of cybersecurity and protecting customer data. This achievement reinforces the bank’s commitment to providing secure and innovative banking services.
