MCB Islamic Bank Awarded PCI DSS Compliance Certification by Risk Associates
| MCB Islamic Bank Awarded PCI DSS Compliance Certification by Risk Associates
Lahore, Pakistan – March 27, 2024 – Risk Associates, Pakistan's leading PCI Qualified Security Assessor (QSA) company, proudly announces the awarding of the Payment Card Industry Data Security Standard (PCI DSS v3.2.1) Certificate of Compliance to MCB Islamic Bank, a subsidiary of MCB Bank.
The certification ceremony, held at MCB Islamic Bank's Head Office in Lahore, underscores MCB Islamic Bank's unwavering commitment to ensuring top-tier data security, safeguarding customer interests, and maintaining financial integrity. This achievement highlights the bank's dedication to adhering to the strictest standards for handling sensitive cardholder data, contributing to a more secure digital banking landscape in Pakistan.
Mr. Kashif Hassan, QSA – Managing Director of Risk Associates, presented the PCI DSS Certificate of Compliance to Mr. Zargham Khan Durrani, President & CEO of MCB Islamic Bank.
PCI DSS v3.2.1 is internationally recognized as the benchmark for securely handling payment card information. It establishes stringent security requirements for organizations entrusted with cardholder data, ensuring that sensitive information is protected against unauthorized access and breaches.
Mr. Kashif Hassan, Managing Director of Risk Associates, applauds the diligence and commitment demonstrated by the team at MCB Islamic Bank in attaining the PCI DSS certification. He further added, "This notable accomplishment not only underscores the bank's resolute dedication to maintaining robust data security but also signifies a pivotal advancement towards cultivating a more secure digital banking environment in Pakistan."
During the ceremony, Mr. Zargham Khan Durrani, President & CEO of MCB Islamic Bank, underscored the importance of achieving PCI-DSS certification for the bank. He highlighted its crucial role in bolstering customer confidence and upholding the highest security standards. Additionally, he reiterated the bank's dedication to continually enhancing cybersecurity measures. Mr. Durrani emphasized that PCI-DSS compliance is an ongoing endeavor, emphasizing MCB Islamic Bank's commitment to adapting to evolving threats and safeguarding customer data continuously.
Key personalities at the ceremony included Mr. Hashim Mufti – Head of Business Development & Strategy Services of Risk Associates, Mr. Abrar Aleem, Chief Information Officer, Mr. Asif Iqbal, Chief Information Security Officer, Mr. Salman Naseer, Chief Risk Officer and Mr. Umer Sheikh, Business Head Digital Banking of MCB Islamic Bank, alongside other representatives from both organizations.
ABOUT
Risk Associates
Risk Associates specializes 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, and certifications.
About
MCB Islamic Bank
MCB Islamic Bank is a Shari’ah compliant financial services provider. The bank operates with a nationwide network of 225 plus branches backed by 225 plus onsite and offsite ATM networks. The Bank focuses on building strong and lasting relationships with its valuable customers. The Bank also focuses on delivering an experience that satisfies all types of customers across the Corporate, Commercial, SME, Consumer, Agriculture, and Micro sectors.
The Bank offers a wide range of RIBA FREE and Shari’ah compliant products for both personal and business banking requirements.
