FBN gets re-elected into PCI Security Standards Council board

First Bank of Nigeria Limited has been re-elected into the board of advisors of the Payment Card Industry Security Standards Council for the third consecutive time.

The lender, in a statement, said the development was in line with its corporate governance and risk management stance.

The PCI SSC is an open, global forum for the development of payment card security standards. It works with organisations around the world to protect businesses and consumers against data theft by continuously developing new payment security standards, cyber security training courses, and certification programmes.

The Head of Information Security Operations at First Bank, Lara Nwokedi, has been representing the bank on the board of the PCI SSC in the fight against payment fraud and data breaches globally. Nwokedi, a payment card industry professional, security lead auditor and implementer, has many years’ experience in information security and has led several initiatives in the bank.

First Bank said it had been the only African bank elected to the PCI SSC board since its inception, adding that its re-election into the board underpinned its commitment to the protection of customer assets and information.

The Managing Director/Chief Executive Officer, First Bank, Dr. Adesola Adeduntan, was quoted in the statement as saying that, “First Bank has continued to maintain a safe and secure environment for customer transactions despite the challenges posed by rapid changes in technology and the operating environment.

“In recognition of the bank’s interventions in abating card data theft, the PCI SSC, through an open and well contested electoral process, re-elected First Bank on its board of advisors, a feat which no African bank has achieved in the long history of the PCI SSC.”

Commenting on the appointments, the PCI SSC General Manager, Stephen W. Orfei, said, “The new PCI SSC board of advisors represents the very best and brightest from some of the most impressive companies and organisations in the world.

“We are grateful for their willingness to serve and join us in our battle against cybercrime. The input and direction we receive from our board of advisors is highly valued, and we look forward to getting down to work with this outstanding group. We all share the same goal of securing payment data globally.”

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