Bank of Baroda awarded PCI DSS compliance certificate by SISA

TBB BUREAU

MUMBAI, OCT 3, 2023

Bank of Baroda has been awarded the prestigious Payment Card Industry Data Security Standard (PCI DSS) compliance certificate by SISA, a leading forensics-driven cybersecurity solutions company. This accreditation is an internationally recognised Information Security Standard that certifies the secure handling of debit and credit card transactions by Bank of Baroda and the protection of customers’ sensitive financial data from unauthorised access or use.

The PCI DSS standards set by the Payment Card Industry Security Standards Council (PCI SSC) entails rigorous evaluation and adherence to a comprehensive set of requirements that focus on maintaining the confidentiality, integrity, and availability of cardholder data. Achieving compliance with this standard affirms Bank of Baroda’s commitment to maintaining the highest standards of regulatory compliance in payment security, an aspect which is gaining increasing importance at a time of rising cyber threats and data breaches.

“Our compliance with this international standard not only safeguards our customers’ data, but also enhances the confidence of our customers, shareholders, and partners in the institution. It reinforces our promise to lead with innovation, security, and adherence to international best practices,” said Ajay K. Khurana, Executive Director, Bank of Baroda.

Dharshan Shanthamurthy, CEO of SISA, said, “Achieving PCI DSS compliance is a monumental milestone for any financial institution. For Bank of Baroda, this certification is not just a regulatory requisite but a demonstration of their uncompromising stance on data security and customer trust. This compliance fortifies the banking ecosystem and reassures stakeholders about the robustness of the Bank’s processes and controls.”

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.