For the fourth consecutive year, the National Bank of Egypt "NBE" manages to maintain the Payment Card Industry Data Security Standard (PCI DSS V3.2) Certification in compliance with Visa & MasterCard's international requirements. This Certification stands for an international recognition of the ability to keep the confidentiality of customer information while being transmitted worldwide via bank cards.
It is also one of the finest and most prestigious certifications awarded globally for card data security. ControlCase, a certified global assessor reviewing PCI DSS compliance, gave NBE such Certification. Mr. Yehia Aboul-Fotouh, NBE's Deputy Chairman, received the PCI DSS V3.2 Certification from Mr. Afy Merchant, ControlCase's Vice President, during a ceremony held in NBE's headquarters for this purpose. Attendants from NBE included Ms. Dalia El-Baz, NBE's Chief Operations Officer (COO) and Mr. Hazem Hegazy, Head of Retail Banking & SMEs, in addition to the heads of relevant divisions and several managers of regions and branches. The ceremony was also attended by Mr. Mostafa Ibrahim, Technical Manager at Security Meter, the Egyptian representative company of ControlCase. Mr. Yehia Aboul-Fotouh stated that NBE gave top priority to the security of customer information and accounts by applying safe technology.
He stressed that the award of this Certification came in line with NBE's adoption of a constant methodology for the development of its systems and services with the aim of providing customers with safe e-payment methods locally, regionally and internationally.
This reflects NBE's persistent compliance with the applicable procedures and requirements for maintaining the highest security levels through adhering to a number of technical and procedural controls contributing to operational risk reduction and control.
The award of the Certification proves the effective implementation, ongoing coordination and close cooperation among all the Bank's units, with the aim of ensuring that the parameters of work environment and customer information used in different systems, applications and networks are entirely secured, improving and achieving the highest security levels.
Consequently, NBE's standing will be enhanced locally and internationally and its ability to avoid and address advanced technological risks will improve within the context of successive changes and in accordance with standardized and sustainable criteria for securing its customer information and accounts.
NBE will thus manage to expand its e-payment services and have a wide network of branches, ATMs and POS terminals throughout Egypt. In conclusion, Mr. Aboul-Fotouh congratulated the work teams participating in recognizing this sustained achievement despite the regular and consecutive updates to the Certification standards in order to avoid continuous and resourceful hacking attempts.
Therefore, the Certification's newest version is required to be applied. For her part, Ms. Dalia El-Baz, NBE's COO, stated that obtaining the PCI DSS Certification, one of the highest international certifications in payment card industry data security, for the fourth year in a row, enabled NBE to continue to provide new products and conduct business safely.
This is very critical to the Bank's existing and potential customers while making different banking transactions.
Ms. El-Baz pointed out that NBE had previously obtained over the past three years the Certification's consecutive versions No. PCI DSS V2/ V3/ V3.1, which emphasized the Bank's constant compliance with the international standards set by the PCI Security Standards Council (PCI SSC) being in charge of establishing and continuously developing such standards and educating on their importance. The objective is to create effective protection safeguarding cardholders' funds and information on the cards issued by the Bank to gain the absolute trust of customers. In June 2016, NBE was awarded the ISO 27001 Certification.
The Bank was the first bank in the Arab Republic of Egypt to get this Certification, which is a complementary element to the international standards applied to secure customer information.