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 recognised Information Security Standard that certifies the secure handling of debit and credit card transactions by Bank of Baroda and the protection of customers’ sensitive financial data from unauthorised access or use.
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.”