Baiduri Bank has been recertified to Payment Card Industry Data Security Standard (PCI-DSS) V3.2.1 for the tenth consecutive year.

Ti Eng Hui, CEO of Baiduri Bank, said: “Data protection is more than just securing data in the digital realm. It’s about respecting our customers’ rights to privacy and protecting their sensitive information.

As technology advances, providing a secure environment for customer data takes high levels of importance. “Trust is the most important currency in the digital age. At Baiduri Bank, we are committed to safeguarding the trust between the Bank and our customers by investing in data security and making sure all our systems and processes meet international standards,” he added.

ControlCase - a Qualified Security Assessor (QSA) and a global provider of Compliance, Information Security and Risk Management Solutions - assessed and certified Baiduri Bank as PCI-DSS V3.2.1 compliant on 4 October 2023.

Speaking on the recertification, Simon Hansman, Head of Group Information and Technology Division, Baiduri Bank, said: “Our focus remains firm on continuously improving our systems and operations to address evolving threats and challenges. Data protection is not a one-time event, it’s a journey. Next year, we will be applying for PCI-DSS v4, which replaces v3.2.1 to address emerging threats and provide guidance on requirements to combat these new challenges.”

The PCI-DSS Certification is an industry standard for securing credit card use and is used by all major card brands. It covers several 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.

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.

This certification was developed by the Payment Card Industry Security Standards Council, a global forum that brings together payments industry stakeholders including Mastercard, Visa, American Express, Discover and JCB to develop and drive adoption of data security standards and resources for safe payments worldwide.