Thursday, 16 September, 2021

BRAC Bank achieves int’l data security certification

  • Staff Correspondent
  • 27 July, 2021 12:00 AM
  • Print news

BRAC Bank has achieved international data security certification for maintaining a high level of data security of the customers.

The bank has recently achieved compliance with the Payment Card Industry Data Security Standard to obtain the certification.

The PCI-DSS certificate is regarded as the most rigorous and globally recognized payment-card security standard in the industry, a statement said.

The compliance assessment was done by renowned Qualified Security Assessor (QSA) SISA InfoSec. BRAC Bank has received the PCI-DSS Certificate by complying with all its requirements.

The Payment Card Industry Data Security Standard (PCI-DSS) is a set of security standards developed for organizations that store, process, or transmit cardholder's data.

Governed by the Payment Card Industry Security Standards Council (PCI-SSC), the compliance certification aims to secure card transactions against data theft and fraud.

BRAC Bank is among very few banks in Bangladesh that have complied with the PCI-DSS requirement that has been set by the regulatory body and mandatory by payment partners.

BRAC Bank has upgraded its eCommerce platform, credit card solution, payment switch system, CORPnet, internet banking system and core banking system.

Earlier, BRAC Bank achieved the ISO 27001:2013 certification for Information security management function in 2017 and the ISO 18788 certification for Security Operations and Cyber Fusion Centre in 2020.