What if the breach already happened?
Karachi, Pakistan – 30th May, 2024 – In a significant milestone for the banking industry, Risk Associates, Pakistan’s leading PCI Qualified Security Assessor (QSA) company, is delighted to announce the prestigious certification of PCI-DSS (Payment Card Industry Data Security Standard) compliance to United Bank Limited – UBL.
As the country’s foremost PCI QSA, Risk Associates has rigorously assessed and recognised UBL’s robust security measures, ensuring compliance with the latest PCI DSS standards.
The certification ceremony, held at UBL Head Office in Karachi, marked a momentous occasion as Risk Associates recognised UBL’s unwavering commitment to the highest standards of data security, customer protection and financial integrity.
During a ceremony, Mr. Aziz A. Rahim – COO of Risk Associates, presented the PCI DSS certificate of compliance to Mr. Zia Ijaz – Deputy Chief Executive Officer of United Bank Limited – UBL.
Mr. Kashif Hassan – Managing Director Risk Associates extend his warmest congratulations to United Bank Limited on achieving PCI DSS compliance. He highlighted that this Certification signifies UBL’s essential role in fortifying the security of sensitive cardholder data and cultivating a secure payment ecosystem in Pakistan.
“Mr. Aziz A. Rahim stated, PCI DSS is a globally recognised benchmark for the secure handling of payment card information. This certification sets stringent security requirements for organisations that manage cardholder data. It is a testament to UBL’s unwavering commitment to maintaining the highest standards of security in its financial transactions.”
“Expressing his thoughts on the achievement, Mr. Zia Ijaz, the Deputy Chief Executive Officer of United Bank Limited said ‘Achieving PCI DSS compliance is a testament to our commitment to excellence in ensuring the safety of our customers’ information and upholding financial integrity. It positions UBL as a leader in fostering a secure digital banking environment in Pakistan.”
The ceremony was graced by key personalities including Mr. Sheikh Muhammad Naeem Riaz – Sr. Manager, Niaz Ahmed Kalwar Assistant Manager – Cybersecurity, Mr. Hashim Mufti Head Business Development & Strategy of Risk Associates, and Mr. Tauseef Aslam – Chief Information Security Officer, Mr. Farhan Javaid – Project Lead, Mr. Evarist Smith – Head Project Management Office, Mr. Jahanzaib Khan – Project Manager of UBL, alongside other representatives from both organisations.
As part of the ceremony, appreciation certificates and prestigious awards were presented to individuals who played a pivotal role in UBL’s journey to becoming PCI DSS compliant. Notably, shields and awards were conferred upon several individuals who demonstrated exceptional efforts and dedication in contributing to the successful compliance of UBL.
ABOUT
Risk Associates
Risk Associates specialises in assessments against various standards including PCI DSS, PCI SSF, PCI PIN, PCI 3DS, C.S.A., along with offensive security services such as Penetration Testing, Vulnerability Scans, Red Teaming, Managed Services, SOC I and II.
With a legacy spanning two decades, Risk Associates has been a leading provider of Information Technology and Cybersecurity services. The company’s core mission revolves around mitigating risks and delivering comprehensive compliance, testing, audits, amd certifications.
ABOUT
United Bank Limited – UBL
Founded in 1959, United Bank Limited (UBL) leads the banking and financial services sector in Pakistan.
UBL operates one of the largest branch networks in Pakistan, along-with the Bank’s branchless banking proposition, UBL Omni spread all over the country. The network is augmented by the Bank’s award winning and industry leading Digital Banking services, which together serve over 11 million customers nationwide. UBL remains the preferred partner to the Pakistani diaspora with a leading market share within the home remittance space.