Union Bank, a leading Nigerian financial institution, has achieved a significant milestone by upgrading to the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification.
This recognition demonstrates the bank’s commitment to maintaining the highest data security standards and adhering to industry guidelines for preventing payment card fraud and reducing unauthorized card usage.
The PCIDSS certification is a premier information security standard for payment cards, aiming to improve controls around cardholder data and related payment systems.
By achieving this certification, Union Bank has demonstrated its ability to provide top-notch cybersecurity standards and solutions that manage and reduce risk exposure.
Francis Mojoyinola, Chief Information Security Officer at Union Bank, expressed delight at the bank’s achievement, stating that it highlights the bank’s collaborative and dedicated team of IT and data security experts.
He emphasized that the bank’s focus remains on providing secure and innovative banking services to its customers.
The certification was awarded by CyberCube Services Pvt. Ltd., a leading technology firm specializing in cutting-edge cybersecurity solutions. CyberCube’s commitment to innovation and excellence has earned it a reputation as a trusted partner in the fight against cybercrime.
This achievement adds to Union Bank’s existing certifications, including MSECB information security management systems ISO/IEC 27001:2022, ISO 22301:2019, ISO/IEC 20000-1:2018, and ISO/IEC 27001:2013.
These certifications reinforce Union Bank’s commitment to upholding data and cybersecurity standards, solidifying its reputation as one of Nigeria’s most trustworthy financial institutions.
The upgrade to PCIDSS version 4.0 certification demonstrates Union Bank’s dedication to staying ahead of emerging threats and maintaining the trust of its customers.
By prioritizing data security and cybersecurity, Union Bank continues to provide secure and innovative banking services, setting a high standard for the Nigerian financial industry.
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