Karachi, Dec 15, 2022 – Bank Alfalah, one of the largest private banks in Pakistan, attained Payment Card Industry Data Security Standard (PCI DSS v3.2.1) compliance & recertification (A leading payment card data security standard) by Payment Card Industry Security Council (PCI SSC) via PCI QSA Firm Risk Associates, a premier global information technology company.
Bank Alfalah maintains PCI DSS v3.2.1 certification, which is another milestone for Bank Alfalah’s journey towards ensuring the reduced risk of financial data loss, and responding with greater efficiency to potential threats. With this certification, the Bank remains fully adherent to data security and control requirements that ensure customer security, sensitive card data protection and fraud risk prevention.
Bank Alfalah prioritizes customer data security and strives to provide secure payment channels to our valued customers. We trust that the PCI DSS Standard, which is administered by the Payment Card Industry Council and entails compliance with rigorous data security and control criteria, will bolster our defense mechanisms and ensure that our customers’ data is safeguarded with best-in-class tools. Armed with PDI DSS, we aim to protect our data against potential threats and meet the challenges of the evolving cyberspace.
During the ceremony, the certificate was presented by Dr. Aftab Rizvi – Chief Executive Officer of Risk Associates, to Mr Atif Bajwa – Chief Executive Officer of Bank Alfalah and Mr. Mohib Hasan Khan – CIO from Bank Alfalah and ceremony held recently at the Bank Alfalah’s head office, Karachi. Also present at the occasion were, Mr. Mobin Khan – Executive Director (PCI), Mr. Nofal J. Awan – Head of Business Development (Solution dept.), Mr. Eshwar Shahani – Marketing & Branding from Risk Associates end. From Bank Alfalah end, Mr Imran Ahmad – Head of IT Infrastructure, Mr. Zeeshan Siddiqui – CISO, along with other team members from both organizations.
While speaking at the occasion, Dr. Aftab Rizvi stated, “It has been a pleasure working with Bank Alfalah throughout the certification process and witnessing the commitment to data security displayed by the Bank Alfalah’s team and the security infrastructure in place. He further added that Risk Associates offers felicitations to the Bank Alfalah team for achieving this compliance milestone. We wish Bank Alfalah success in its endeavors to enhance data security."
About Bank Alfalah
Bank Alfalah is one of the largest banks in Pakistan, with a network of 750+ branches across more than 200 cities in the country, and international presence in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.The Bank provides financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.
About Risk Associates:
Risk Associates has been a leading Information Technology and Cybersecurity services provider since 2004. Risk Associate’s mission is to mitigate risk and develop and provide Compliance, Testing, Audits, Certifications, and comprehensive Risk Management services. Risk Associates is among the very few companies worldwide that are a certification body providing ISO/IEC 27001 certifications and offer assessments against standards like PCI DSS, PCI SSF, PCI PIN, PCI 3DS, C.S.A. etc. In addition to the assessment services, we offer offensive security services such as Penetration Testing, Vulnerability Scans, Red Teaming, etc., and Managed Services, SOC I and II. We have a blend of experienced, young, energetic, and certified experts working with a common vision to accomplish our objectives in all aspects of safety and security compliance – an integral function of your business and ensuring you achieve and maintain compliance.