Union Bank upgrades to PCIDSS v4.0 certification

Union Bank, one of Nigeria’s most noteworthy and trusted financial institutions, has received another significant recognition with its recent attainment of the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification.

This notable achievement, which is an upgrade certification from the previously awarded Payment Card Industry Data Security Standard (PCIDSS) version 3.2, recognises the Bank’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.

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Commenting on the Bank’s latest attainment, Chief Information Security Officer at Union Bank, Francis Mojoyinola, said:
“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.”

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.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety 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.

The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.