Banks

Al-Ahly of Egypt retains the certificate of compliance for the ninth year in a row

Iman Al-Wasili 1280

For the ninth year in a row, the National Bank of Egypt succeeded in maintaining its achievement as the first bank in Egypt to obtain a certificate of compliance with the international requirements of Visa and MasterCard requirements for securing electronic payment and credit card data PCI DSS version V3.2.1, after completing the examination work. And the review, auditing and documentation by the international external auditor QSA, where PCI-DSS is the best certificate that guarantees the highest level of protection for cards in accordance with the requirements of the PCI SSC payment card industry insurance standards, which includes major international companies in this field.

Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, expressed his pride in the bank’s ability to maintain this certificate, which reflects the bank’s sustainability in compliance over many years in Compliance with the standards and requirements for securing card data, which is an unprecedented achievement at the level of the banking system To Masri, as the bank’s preservation of this certificate reflects the bank’s continuous success in conforming with the application of international standards, which is the result of effort, fruitful cooperation, hard work and continuous coordination between the bank’s sectors and branches, and professional and trained work teams to ensure the complete insurance of all elements of the work environment and customer data and their ability To adhere to the highest rates and security standards for such data in various systems and applications in the various activities of the bank, which would enhance the confidence of customers, international bodies and institutions in the National Bank of Egypt, in addition to contributing effectively to achieving the strategic goals of the bank, in light of the banking sector’s tendency to speed up the implementation Digital transformation, which made protecting customer data and ensuring its privacy one of the bank’s most important priorities.

Dalia El-Baz, Deputy The Chairman of the Board of Directors of the National Bank of Egypt indicated that the bank had previously obtained versions V3.2 PCI DSS V2/ V3 /V3.1/ of that certificate, which confirms the bank’s continued compliance with the application of those international standards set by the Payment Card Industry Data Security Standards Council (PCI SSC). Which represents international documentation The bank maintains the confidentiality of its customers’ card data in particular and all customer data in general, stressing that this certificate is one of the most prestigious and highest international certificates, and it also comes as a confirmation of the National Bank of Egypt’s commitment to ensuring the security of its customers’ cards and banking information, in addition to its success in facing economic challenges. The recent global developments and the increasing security threats affecting the digital financial services industry, Dalia El-Baz added that the expansion of issuance and provision of electronic payment services and owning a wide network of branches, automated teller machines (ATMs) and POS points of sale that cover all parts of the Republic, in addition to payment gateways for a growing number of providers Service and companies is one of the most important priorities of the bank, which requires the continuous development by the bank of the methods of applying these compliance standards to keep pace with the successive development in the banking services and products it provides, noting that the Covid crisis It had a direct impact in all banking fields, the most important of which is what is related to the standards and requirements for securing PCI DSS card data. 1280

It is worth noting that those For a certificate that includes multi-faceted international insurance standards through 1280 a standard and a major technical security requirement and A detailed technical security requirement that has been developed to keep pace with the tremendous technological development and the continuation of threats and penetrations around the world, so that these standards include the needs necessary to manage each of “network security, encryption and security of data circulation, security awareness and modernization of systems Operation, databases, applications, security event management, policies and procedures” and other important preventive measures aimed at helping institutions achieve effective protection of credit card data and effectively combat fraud and risks at the level of the financial services sector, which are the standards set by the Payment Card Industry Data Security Standards Board (PCIDS). PCI SSC) and is reviewed periodically to ensure that the insurance rules continue to be applied to protect the data of electronic payment / credit cards for the bank’s customers in order to ensure the preservation of their money and the security of their data. 1280