By Aduragbemi Omiyale
One of Nigeria’s leading financial institutions, Union Bank, has obtained the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification.
This is an upgrade from the previously awarded Payment Card Industry Data Security Standard (PCIDSS) version 3.2.
It recognises the lender’s adherence to the highest data security standards and diligent compliance with industry guidelines regarding payment card fraud prevention and reduction in unauthorised card usage.
The PCI-DSS is the premier Information Security standard for payment cards. It aims to improve the controls of cardholder data and related payment systems to reduce unauthorised use and fraud.
Union Bank was given this certification by CyberCube Services Pvt. Ltd., a leading technology firm that specialises in providing cutting-edge cybersecurity solutions to businesses across various industries.
Their extensive work in cybersecurity services, including cybersecurity compliance management and vulnerability management, has distinguished them as a leading cybersecurity firm serving clients across multiple industries.
The company’s commitment to innovation and excellence has earned it a reputation as a trusted partner in the fight against cybercrime.
This, along with other of the Bank’s certifications, like the MSECB information security management systems ISO/IEC 27001:2022, ISO 22301:2019, ISO/IEC 20000-1:2018, and the International Organisation for Standardisation ISO/IEC 27001:2013, reiterates Union Bank’s commitment to upholding data and cyber security standards and maintaining its reputation as one of Nigeria’s most trustworthy financial institutions.
“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 Chief Information Security Officer at Union Bank, Mr Francis Mojoyinola, said.