Bayad scales up its cybersecurity with PCI DSS Certification
Bayad scales up its cybersecurity with PCI DSS Certification
Bayad continues to lead the financial market as the most trusted brand in the Philippines for outsourced payment collection. To maintain its robust system, the company has strengthened and reinforced its cybersecurity measures, which are now being used by more than 100,000 physical touchpoints and top digital and mobile platforms across the country.
Bayad received its Payment Card Industry Data Security Standard on February 23, 2022.
Certification for the Payment Card Industry Data Security Standard (PCI DSS). PCI DSS is a data security standard that applies to all businesses that handle credit card information. SISA, a forensics-driven cybersecurity organization specializing in risk assessment, security compliance & validation, monitoring & threat hunting, as well as training for various payment security certifications, thoroughly examined the mentioned security standard certification. The examination has demonstrated that Bayad provides dependable service solutions, according to SISA’s exceptional credibility. Bayad has implemented multi-factor authentication, a key management system, data at rest encryption, secure wipe solutions, and a web application firewall, all of which are essential for achieving the data security standard
“This milestone is a proof of Bayad’s strengthened cybersecurity posture,” says Mel Migrio, Bayad’s Chief Information Security Officer. Bayad has made exceptional steps to address the financial services industry’s escalating cyber dangers. As a result, this achievement is critical in assuring our clients that Bayad prioritizes digital trust.”
Lawrence Y. Ferrer, President and CEO of Bayad, also spoke. “By implementing cybersecurity safeguards, we are able to confidently innovate and co-create projects with a variety of partners, all with the purpose of providing a frictionless consumer experience.” We respect our customers’ and partners’ trust, which is why we want to ensure that we take a holistic approach to system design that includes technical safeguards.”
