17 October 2020

Bandar Seri Begawan, 17 October 2020 – For the seventh year running, Baiduri Bank reaffirmed its commitment to ensuring its customer data is protected to the highest standard when it was recertified to the latest Payment Card Industry Data Security Standard (PCI-DSS) V3.2.1.

The PCI-DSS Standard covers a number of aspects related to protecting customer confidentiality and data such as the handling of data by the Bank’s systems, guarding against theft of data as well as internet-based intrusions among others.

According to Simon Hansman, Chief Technology Officer of Baiduri Bank, “Privacy protection and data security are areas that Baiduri Bank attach great importance to. PCI-DSS certification represents an important milestone for data security in our day-to-day operations.”

The CEO of Baiduri Bank, Ti Eng Hui, further elaborated “We were first certified PCI-DSS compliant in 2014 with V2.0. Throughout the years, we have strengthened our data security technology and capabilities to provide our customers with the highest quality of service with the highest industry data security standard. This certification is testament to our commitment in putting our customers data and protection as our utmost priority.”

The Payment Card Industry Data Security Standard is used by all major card brands as the common security standard for their compliance programmes. PCI-DSS Version 3.2.1, the latest and most current standard consists of steps that mirror security best practices such as building and maintaining a secure network and systems, protecting cardholder data, maintain a vulnerability management program, implementing strong access control measures, regular monitoring and testing of the network and maintaining an information security policy.

The standard has been endorsed by major card brands (Visa, Mastercard, Discover Network, American Express and JCB) to safeguard customer information and mandates that merchants and service providers meet and maintain stringent security standards when they process and transmit cardholder data.


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