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2019 Press Releases
Baiduri Bank Receives Latest PCI-DSS Certification
28 October 2019

 

Bandar Seri Begawan, 28 October 2019 – Baiduri Bank once again demonstrated its commitment to the highest data security standard when it received the Payment Card Industry Data Security Standard (PCI-DSS) certification Version 3.2.1.

Baiduri Bank started the recertification process to PCI-DSS V3.2.1 from V3.2 in September last year. ControlCase, a global provider of Compliance, Information Security and Risk Management Solutions, conducted the assessment and certified Baiduri Bank to be in compliance with the latest standard on 20 September 2019. PCI-DSS is the global data security standard recognised by payment card brands for all entities that process, store or transmit cardholder data and/or sensitive authentication data.

Speaking on this achievement, Ti Eng Hui, CEO of Baiduri Bank said, “At Baiduri Bank, customer confidentiality and data protection are paramount to our business and reinforce their confidence in us. We are proud to have received this significant international certification for six consecutive years thanks to the hard-working teams who had put in tremendous effort over the past year.”

According to Simon Hansman, Chief Technology Officer of Baiduri Bank, “With this certification, Baiduri cardholders can be assured that their data is protected to the highest international standard. Data protection is of the highest concern for us. This certification further reassures our customers and stakeholders that we take their privacy and data security very seriously.”

The Payment Card Industry Data Security Standard is used by all major card brands as the common security standard for their compliance programmes. Version 3.2.1, the latest and most current standard, was released in May 2018. PCI-DSS 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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