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Market Digest Nigeria

Business

FirstBank joins PCI SSC Board of Advisors

First Bank of Nigeria Limited has reaffirmed its leadership position in corporate governance and risk management with its re-election into the Board of Advisors of the Payment Card Industry Security Standards Council (PCI SSC) for the third consecutive time.

The PCI SSC is an open, global forum for the development of payment card security standards. The PCI Security Standards Council 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.

Head of Information Security Operations at First Bank of Nigeria Limited, Lara Nwokedi, has been representing FirstBank on the Board of 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.

FirstBank has been the only African bank elected to the PCI SSC Board since its inception. The bank’s re-election into the board underpins its commitment to the protection of customer assets and information. According to the MD/CEO, First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan, “FirstBank 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 Security Standards Council through an open and well contested electoral process re-elected FirstBank on its Board of Advisors, a feat which no African bank has achieved in the long history of the PCI SSC.”

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