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Ukrsotsbank received a certificate of compliance with PCI DSS

27.01.2017

Ukrsotsbank has successfully passed the certification of compliance with Payment Card Industry Data Security Standard and has got a confirmation of compliance with PCI DSS v. 3.2. The bank meets all the safety requirements for payments performing, storing, processing and transmitting of cardholder data. In other words, the certificate is just another testimony to the highest level of protection of cardholders’ confidential data.

"Nowadays information is the main asset of any company. To ensure the security of data entrusted to us, a special audit is held at our bank to check the compliance of our security systems to modern international standards. The certificate, which we received this year, is one more confirmation of the fact that personal data of our customers is protected. This fact is ensured by the team of professionals, which keeps abreast of the latest trends and is constantly developing new, more robust protection systems," – head of information protection division at Ukrsotsbank Yurii Ratner said.

Payment Card Industry Data Security Standard is a safety standard, developed by Payment Card Industry Security Standards Council formed by Visa, Mastercard, American Express, JCB and Discover international payment systems. The standard is a set of detailed requirements on cardholder data transfer, storage and processing safety. The latest version of PCI DSS 3.2 certification strengthened existing requirements for information security and included new ones.

The standard was created to enhance control over cardholder data and to reduce the level of fraud with payment cards.

 

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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