QIB gets ISO standard for online banking security

Qatar Islamic Bank gets ISO 27001:2005 standard certification for banking security

Tags: E-commerceISO StandardsParamount Computer SystemsQatarQatar Islamic BankTUV Rheinland (www.tuv.com)
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QIB gets ISO standard for online banking security Premchand Kurup, (l) CEO of Paramount handing over the ISO 27001 certificate to Salah Jaidah, CEO, QIB.
By  Mark Sutton Published  June 7, 2010

Qatar Islamic Bank (QIB), the first Islamic bank in Qatar, has qualified for ISO 27001:2005 certification relating to its electronic banking.

The bank was awarded the certification after assessment by TUV, which looked at standards, procedures and compliance.

Salah Jaidah, CEO of QIB said that the ISO standard was a logical step to build on three years of investment by QIB in new banking systems and technology.

"Receiving this ISO certification ensures that the development of QIB's banking techniques and constant upgradation of information technology, which is the backbone of the bank's services and administration, becomes our strategic priority," said Jaidah.

QIB worked with strategic security partner, Paramount Computer Systems to conduct a detailed risk assessment before ISO testing, with elements such as intrusion testing and simulated hacking attempts, and studies of how employees across sites had access to physical locations such as the main technology centre back up locations, as well as access to core systems. Paramount then developed and enhanced the bank's policies and procedures to improve security.

Hammad Al Zamli, assistant general manager, Operations and IT group commented, "The ISO 27001 certification is the result of establishing the Information Systems and Technology Center in 2008, which is equipped with all high-end technical specifications such as operating systems, surveillance systems, security and protection systems. All this provides high performance and capabilities with non-stop, continuous operations".

Premchand Kurup, CEO Paramount Computer Systems said: "The ISO 27001 certification assures QIB's customers, associates and stakeholders that it now owns very high-end technical systems and an excellent IT environment that provides the highest level of banking information security as well as enhanced banking services."

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