QATAR, MARCH 28, 2012, Doha, Bangalore based Paladion Networks, the leading Information Risk Management provider in the region, successfully helped Qatar Islamic Bank to achieve PCI DSS certification. QIB has been recently awarded with PCI DSS standards for its entire range of payment card affiliated services across all its branches and channels (ATM, POS, Internet banking, SMS banking etc). Paladion also assessed QIB core centres and offices where these services were being run from.
PCI DSS compliance is required by all merchants and service providers that store, process, or transmit cardholder data and applies to all payment channels, including retail, mail/telephone orders, and e-commerce. With this certification, QIB has become the second bank in Qatar to achieve this milestone which clearly distinguishes it from competitors.
To ensure that its customers receive secured services, QIB has invested ample time and resources and assured a smooth implementation process. Paladion has assisted QIB right from the beginning till the certification was achieved and had taken end-to-end ownership to make QIB PCI DSS compliant.
However, the road to this success was not easy since QIB has a wide range of services and multiple operating locations. Paladion spent adequate time and effort towards ensuring a comprehensive assessment of each one of them as QIB has invested in a wide range of technologies to provide these services. As part of the assessment, each technology had to be assessed for compliance to PCI DSS since the PCI DSS standard is very comprehensive and covers a wide range of processes, people and technologies. It takes a lot of effort and investments for an entity to comply.
With its years of experience and expertise and pool of Qualified Security Assessors (QSA), Paladion worked closely with QIB to ensure practical and cost effective solution. “This is possible only because of the years of expertise of providing Information Security related services and a well qualifies work force that we have,” said Rajat Mohanty, CEO, Paladion Networks. “These are qualities to reckon with and we find ourselves picking up from where other companies have failed to deliver,” he added.
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With a global footprint across 30 countries, Paladion is a specialized and strategic partner for information risk management to leading organizations across industries including, BFSI, ITES, Telecom, Manufacturing. It is the largest and the fastest growing pure-play information security player in Asia (as ranked in Deloitte Technology Fast 500 Asia Pacific & Technology Fast 50 India - 2006, 2007, 2008, 2009, 2010 & 2011). Gartner too has included Paladion in its rating of “MarketScope for Managed Security Services in Asia Pacific” – 2008 & 2009 as ‘Promising’
Having over a decade of experience in the information risk management domain, Paladion today is actively managing risks for over 700 customers. Paladion provides end-to-end information risk management solutions comprising security assurance, compliance, governance, monitoring and management services to large and medium sized organizations for existing as well as emerging risks.
Paladion also offers solutions for communication interception to law enforcement agencies and service providers. Paladion’s information risk management solutions have been awarded by Asian Banker, Red Herrings, and Financial Insights. Paladion has been recognized in the SI 100 Top 10 Enterprise Security Companies 2011. Paladion is involved in several information risk management research forums and has authored books on the same.
Please visit www.paladion.net for more information.
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Paladion provides end-to-end information risk management solutions comprising security assurance, compliance, governance, monitoring and management services to large and medium sized organizations for existing as well as emerging risks.