The Visa PIN Security Standard: What does the Sunset mean?
The financial sector is rapidly evolving, prompting changes in the standards and regulations that safeguard our transactions. One significant development is Visa’s decision to sunset the Visa PIN Security Program, which highlights a shift towards a multi-layered security approach. This decision reflects a recognition of the changing payment security landscape and the relative risks of […]
Navigating SWIFT Compliance for CISOs in the Middle East
In the rapidly evolving digital landscape of the Middle East, Chief Information Security Officers (CISOs) face unprecedented challenges. Among these, ensuring SWIFT compliance stands out as a critical priority. But what exactly is SWIFT compliance, and how can CISOs, particularly in the banking sector, effectively manage it? What is SWIFT Compliance? The Society for Worldwide […]
PSD2 Compliance Explained for CISOs in the Middle East
Introduction The European Union’s Revised Payment Services Directive (PSD2) has been a game changer for the financial sector, drastically altering the landscape for payment service providers. Originally enacted in 2015 and taking full effect in 2019, PSD2 aims to increase competition, innovation, and transparency across the European payments market. But what does this mean for […]
Open Finance Data Security Standard (OFDSS): What It Means for CISOs
In the burgeoning world of open finance, data security stands as a critical pillar. The advent of the Open Finance Data Security Standard (OFDSS) brings with it significant implications for Chief Information Security Officers (CISOs) across various regions, including the Middle East. In this thought leadership article, we will explore the OFDSS, provide FAQs about […]
ISO 20022 Compliance for CISOs in the Middle East
In today’s rapidly evolving financial landscape, compliance with international standards is paramount. One such standard that has gained significant traction is ISO 20022, a global standard for electronic data interchange between financial institutions. For CISOs (Chief Information Security Officers) in the Middle East, understanding and implementing ISO 20022 compliance is crucial. This article provides a […]