Bank of Baroda awarded Payment Card Industry Data Security Standard

By Consultants Review Team Wednesday, 04 October 2023

oneOne of India's top public sector banks, Bank of Baroda (Bank), has received the famous Payment Card Industry Data Security Standard (PCI DSS) compliance accreditation from SISA, a top provider of forensics-driven cybersecurity solutions. The secure processing of debit and credit card transactions by Bank of Baroda and the safeguarding of customers' sensitive financial information from unauthorised access or use are both confirmed by this accreditation, which is a globally known Information Security Standard.

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.

Shri Ajay K. Khurana, Executive Director, Bank of Baroda said, “We are proud to have received this certification, which is a testimony to Bank of Baroda’s steadfast commitment to maintaining the integrity and confidentiality of our customers’ payment information. 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”.

Shri 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”.


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