Paladion partners with Noor Bank on ISO standards
Bank upgrades its Information Security Management System to attain latest ISO certifications
Paladion, an information risk-management provider, has partnered Noor Bank in implementing an ISO Information Security Management System (ISMS), enabling the Sharia-compliant bank attain ISO certifications for Quality Management ISO 9001:2015 and Information Security Management System ISO 27001:2013.
Noor Bank becomes one of the few institutions in the country certified on the latest International Quality Management standards laid by ISO.
Commenting on being awarded the ISO standards, the chief technology officer at Noor Bank, Padmanabhan S.V said, “Information security is critical to us, as a single security breach can substantially damage our customer confidence as well as our market competitiveness. We are committed to maintain high security levels and integrity of information”.
Paladion assists organisations in the implementation of cyber security with solutions designed to effect minimum interference to established processes, the company says. Paladion has a decade of experience in delivering security solutions and services to its customers in the region, instrumental in enabling Noor Bank achieve these standards, the company added.
“We are glad that Noor Bank has raised its security bar by adopting latest ISO standards. This will help the Bank establish and maintain an effective information management system, using a continual improvement approach. The standard specifies the requirement for establishing, implementing, operating, monitoring, maintaining, and improving a documented Information Security Management System within the context of the bank’s overall business risk,” said Firosh Ummer, managing director for MEA at Paladion.
"The ISO certification will ensure compliance with government policies and international best practices enabling the bank to minimise risks and security breaches,” Ummer added.