Hyderabad/Mumbai, October 3, 2023: Bank of Baroda (Bank), one of India’s leading public sector banks, has been awarded the prestigious Payment Card Industry Data Security Standard (PCI DSS) compliance certificate by SISA, a leading forensics-driven cybersecurity solutions company. This accreditation is an internationally recognized Information Security Standard that certifies the secure handling of debit and credit card transactions by the Bank of Baroda and the protection of customers’ sensitive financial data from unauthorized access or use.
The PCI DSS standards set by the Payment Card Industry Security Standards Council (PCI SSC) entail 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 that 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.”
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Shri Dharshan Shanthamurthy, CEO of SISA, said, “Achieving PCI DSS compliance is a monumental milestone for any financial institution. For the 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.”
About Bank of Baroda
Founded on 20th July 1908 by Sir Maharaja Sayajirao Gaekwad III, the Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touchpoints spread across 17 countries on five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The Bank’s Bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through video KYC. The Bank’s vision matches its diverse clientele base and instills a sense of trust and security. It is moving well in that direction and Bob World is a testimony of its roadmap towards Digital Transformation.
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· Visit us at www.bankofbaroda.in
· Facebook https://www.facebook.com/bankofbaroda/
· Twitter https://twitter.com/bankofbaroda
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· Instagram https://www.instagram.com/officialbankofbaroda/
· YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA
· LinkedIn https://www.linkedin.com/company/bankofbaroda/
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About SISA
SISA is a global forensics-driven cybersecurity solutions company, trusted by leading organizations for securing their businesses with robust preventive, detective, and corrective cybersecurity solutions. Our problem-first, human-centric approach helps businesses strengthen their cybersecurity posture. We apply the power of forensic intelligence and advanced technology to offer true security to 2,000+ customers in 40+ countries. SISA is also the leading provider of PCI-validated solutions and the largest qualified security assessor in the country.
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