Union Bank Achieves PCDISS v4.0 Certification, strengthening data services

By Inemesit Ebu

Union Bank, one of Nigeria’s leading financial institutions, has attained the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification, marking a significant milestone in the Bank’s commitment to data security and fraud prevention. This certification represents an upgrade from the previously held PCIDSS v3.2 and underscores Union Bank’s dedication to maintaining the highest security standards in the payment card industry.

The PCIDSS is a globally recognized information security standard designed to protect cardholder data and ensure secure payment systems. By achieving the v4.0 certification, Union Bank has demonstrated its ongoing efforts to strengthen controls, reduce the risk of unauthorized card usage, and enhance overall cybersecurity.

Francis Mojoyinola, Chief Information Security Officer at Union Bank, expressed his pride in the Bank’s latest accomplishment, 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 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 certification was awarded by CyberCube Services Pvt. Ltd., a renowned technology firm specializing in cutting-edge cybersecurity solutions. Their work in compliance management and vulnerability management has positioned them as a trusted partner in combating cybercrime across various industries.

This achievement adds to Union Bank’s list of certifications, including the MSECB information security management systems ISO/IEC 27001:2022, ISO 22301:2019, ISO/IEC 20000-1:2018, and ISO/IEC 27001:2013, reinforcing the Bank’s reputation as one of Nigeria’s most trustworthy financial institutions.