Kuwait Finance House KSC

02/09/2020 | News release | Distributed by Public on 02/09/2020 01:06

KFH Teams up with Paladion for PCI – DSS 3.2.1 Certificate of Compliance

Kuwait Finance House (KFH), the world-leading Islamic financial institution, has successfully complied to payment card industry data security standard PCI DSS 3.2.1 after teaming up with Paladion a global cyber defence company, to manage end-to-end consultation and ensure the fulfilment of PCI DSS Compliance standard.

Group Chief Operations Officer at KFH, Abdullah Abu Al-Hous said: 'We are very glad to effectively and successfully meet the latest PCI DSS Compliance standards. It has been the fruit of collaborative efforts of different departments in the bank. This is definitely part of our digital transformation strategy and efforts to continuously invest in and enhance our technology, operations, and information security systems to meet the highest standards in customer data protection.'

Abu Al-Hous added on the sidelines of receiving the Certificate of Compliance from Paladion's EVP and Regional Head of EMEA, Amit Roy in a ceremony held at KFH headquarters that KFH is always keen on offering best service quality, while implementing best technologies in efforts to preserve customers' rights and protect their information, yet to achieve growth in all indicators'.

He emphasized that KFH is keeping abreast of the latest standards of protecting transaction processing, cards, merchants, and consumers' need.

Led by a team of highly-experienced specialists, Paladion help KFH get PCI DSS 3.2.1 certified after an extensive audit. The KFH team was tested by auditors to ensure measures for all 12 of the standard's security requirements were implemented and effectively functional.

'As experts in PCI DSS consulting services for the past 19 years , we are aware that global compliance is currently at a record low,' said a Paladion spokesperson. There is a direct correlation between cyber breaches and non-compliance to PCI DSS, so we are proud to work alongside progressive institutions like Kuwait Financial House to ensure regulatory compliance, safety and security of sensitive customer information.'