Editor
By Fatima Saka
Lagos, Nigeria—Union Bank, a prominent and trusted financial institution in Nigeria, has achieved a significant milestone by obtaining the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification.
This remarkable accomplishment, an advancement from the previously held Payment Card Industry Data Security Standard (PCIDSS) version 3.2, acknowledges the Bank’s strict adherence to the highest data security standards and meticulous compliance with industry regulations concerning the prevention of payment card fraud and mitigation of unauthorized card usage.
The announcement was made through an official statement released by Union Bank’s management.
The PCI-DSS stands as the foremost Information Security standard for payment cards, aiming to enhance the controls over cardholder data and associated payment systems to minimize unauthorized usage and fraudulent activities.
In response to the Bank’s latest achievement, Francis Mojoyinola, Chief Information Security Officer at Union Bank, expressed his satisfaction, stating:
“We are pleased that Union Bank has once again been recognized for the substantial efforts we have invested in enhancing controls and card payment standards. This certification underscores our capability to deliver top-tier cybersecurity standards and solutions that assist us in managing and mitigating risk exposure. None of this would have been possible without the collaborative, dedicated, and proficient team of IT and data security experts at the Bank. Our valued customers remain at the forefront of our focus as we endeavor to construct a secure data security framework that facilitates secure, user-friendly, and innovative banking services.”
Union Bank was awarded this certification by CyberCube Services Pvt. Ltd., a leading technology company specializing in providing state-of-the-art cybersecurity solutions to businesses across various sectors.
Their extensive expertise in cybersecurity services, encompassing cybersecurity compliance management and vulnerability management, has positioned them as a premier cybersecurity firm catering to clients in diverse industries.
The company’s commitment to innovation and excellence has established its reputation as a reliable ally in the battle against cybercrime.
This achievement, along with the Bank’s other certifications such as 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, reaffirms Union Bank’s dedication to upholding data and cyber security standards, solidifying its position as one of Nigeria’s most dependable financial institutions.
About Union Bank Plc:
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a renowned and respected financial institution with a rich history. The Bank is a trusted and recognizable brand with a widespread network of over 300 branches across Nigeria.
The Bank currently provides a wide array of banking services to both individual and corporate clients, including current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance.
Moreover, the Bank offers customers convenient electronic banking channels and products, such as Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
For more information, visit: www.unionbankng.com
Media Enquiries: mediarelations@unionbankng.com
