The Banking The Banking Executive Magazine - June 2024 Issue

Dukhan Bank Dukhan Bank, QATAR ATTAINS INTERNATIONAL SECURITY CERTIFICATIONS Dukhan Bank has attained the Pay- ment Card Industry Data Security Standard (PCI DSS) version 4.0 and ISO/IEC 27001 certifications. These certifications mark “significant achievements” in the bank's commit- ment to ensuring the highest levels of data security and regulatory compli- ance, further establishing its role as a leader in the financial services indus- try. Dukhan Bank was awarded the PCI DSS version 4.0 certification by Net- work Intelligence. This certification is pivotal for banks handling sensitive payment card information, affirming that Dukhan Bank adheres to the most stringent security measures in processing, storing, and transmitting debit and credit card data. Dukhan Bank is now one of the few banks in Qatar to achieve this compliance, demonstrating its capability to pro- tect consumer data against potential security threats and fraud. Dukhan Bank also received the ISO/IEC 27001 Certification from Shamkris Global, validating its sys- tematic and robust approach to infor- mation security management. This certification covers various as- pects of information security gover- nance and operations, ensuring the confidentiality, integrity, and avail- ability of critical information assets. Both certifications offer Dukhan Bank and its customers numerous benefits, improving operational effi- ciency and strengthening its compet- itive edge. Aligned with the Qatar Central Bank directives and card scheme security standards, they ensure strict compli- ance with financial regulations, re- ducing the risk of data breaches and associated costs. These certifications also prepare the bank for global mar- kets, supported by updated IT infra- structure and enhanced data security measures, which bolster customer trust and differentiate Dukhan Bank from non-compliant peers, aiding in customer acquisition and retention. Ahmed Hashem, acting group chief executive officer, Dukhan Bank, said, "These certifications are a testament to our ongoing dedication to safe- guarding our customers' data and en- hancing our security frameworks. They underscore our proactive ap- proach to addressing emerging cy- bersecurity challenges and our relentless pursuit of excellence in all facets of our operations. “By achieving these standards, we not only protect our customers but also solidify our reputation as a leader in the competitive banking landscape. This distinction is vital as it demonstrates to our clients and competitors alike that we prioritise the integrity and security of our banking services above all else." Dukhan Bank's latest achievements in securing PCI DSS and ISO/IEC 27001 certifications are pivotal com- ponents of its broader strategy to lead the Qatari banking sector through in- novation and rigorous security stan- dards. With extensive expertise in wealth management and a profound under- standing of local and regional mar- kets, the bank is ideally positioned to meet the sophisticated demands of its customer base. Committed to an ongoing digital transformation, Dukhan Bank contin- ues to enhance its private banking of- ferings, focusing on catering to the evolving needs of a younger, techno- logically adept generation of high- net-worth individuals. This approach not only reinforces its market leader- ship but also ensures a future-ready banking environment. ISSUE 186 JUNE 2024 the BANKING EXECUTIVE 37