Union Bank, a prominent and trusted financial institution in Nigeria, has secured another major achievement by attaining the Payment Card Industry Data Security Standard (PCI DSS) version 4.0 certification.
This significant recognition is an upgrade from the previously awarded PCI DSS version 3.2 and underscores the bank’s commitment to upholding the highest data security standards and stringent compliance with industry guidelines on payment card fraud prevention and the reduction of unauthorized card usage.
The PCI DSS is the foremost Information Security standard for payment cards, designed to enhance the protection of cardholder data and related payment systems, ultimately aiming to minimize unauthorized usage and fraud. This certification marks a crucial milestone for Union Bank, reflecting its dedication to implementing robust cybersecurity measures that safeguard its customers’ data.
Expressing his satisfaction with this achievement, Union Bank’s Chief Information Security Officer, Francis Mojoyinola, stated, “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 once again demonstrates our ability to provide top-of-the-line cybersecurity standards and solutions that help us manage and reduce risk exposure. All of this could not have been achieved without the Bank’s collaborative, dedicated, and competent team of IT and data security experts.
Our esteemed customers will continue to be our focus as we strive to build a secure data security structure that enables safe, simpler, and straightforward innovative banking services.”
The PCI DSS v4.0 certification was awarded to Union Bank by CyberCube Services Pvt. Ltd., a leading technology firm specializing in providing cutting-edge cybersecurity solutions across various industries. CyberCube is renowned for its comprehensive cybersecurity services, including compliance management and vulnerability management, making it a trusted partner in the global fight against cybercrime.
In addition to the PCI DSS v4.0 certification, Union Bank holds several other prestigious certifications, such as the MSECB Information Security Management Systems ISO/IEC 27001:2022, ISO 22301:2019, ISO/IEC 20000-1:2018, and the ISO/IEC 27001:2013.
These certifications further reiterate the bank’s unwavering commitment to maintaining rigorous data and cybersecurity standards, reinforcing its reputation as one of Nigeria’s most trustworthy financial institutions.
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