Latest news with #DharshanShanthamurthy
Qatar Tribune
24-06-2025
- Business
- Qatar Tribune
QIIB awarded Global PCI-DSS certification for information security
Tribune News Network Doha QIIB has once again been awarded the Payment Card Industry Data Security Standard (PCI-DSS) certification for the tenth consecutive year, which represents the highest international benchmark for information security and payment data protection. The certification is issued by global firm SISA to financial institutions that meet the most rigorous cybersecurity standards and apply best practices in this vital domain. Receiving the certification once again highlights the Bank's firm commitment to protecting its customers' data and continuously strengthening its digital infrastructure to keep up with the rapid advancements in financial technology. This is particularly significant given the growing role of PCI-DSS as the leading standard for cybersecurity in financial institutions. Dr. Abdulbasit Ahmed Al-Shaibei, CEO of QIIB, received the certification from Dharshan Shanthamurthy, Founder and CEO of SISA, during a ceremony held at the Bank's headquarters on Grand Hamad Street. The event was attended by Mohammed Jamil Ahmed Hamad, Chief Risk Officer; Shazin Ali, Head of Cybersecurity at QIIB; as well as representatives from SISA Global. Commenting on the achievement, Dr. Abdulbasit Ahmed Al-Shaibei, CEO of QIIB, stated: 'We are pleased to maintain our leadership in protecting customer data through strict adherence to the highest global standards in cybersecurity. Receiving the PCI-DSS certification for the tenth consecutive year, and maintaining compliance with the latest version 4.0.1, reflects our sustained investment in advanced technological solutions to safeguard our payment environment and all of the Bank's systems. At QIIB, information security remains one of our highest priorities, forming the foundation of our customers' trust and the stability of our operations'. Dr. Al-Shaibei added: 'The rapid transformations in the financial sector require banks to be at the forefront of both innovation and protection. In light of this, cybersecurity is not only considered as a support function, but rather as a strategic element integrated into every aspect of our banking operations. Over the past years, we have succeeded in fostering an institutional culture that strengthens employee awareness and encourages active contribution to achieving the highest levels of security and compliance'. He continued: 'We are also fully aware that today's customers are more conscious of their rights and the privacy of their data. In response, we aim to provide a secure digital environment that not only meets compliance requirements but also delivers a seamless and reassuring banking experience that strengthens customer loyalty and positions the Bank as a trusted and leading institution'. The CEO of QIIB affirmed: 'We will continue working closely with our partners in this field, including SISA, which has provided us with valuable insights and support to ensure we stay aligned with the latest cybersecurity standards. In light of the growing challenges, our goal is always to act proactively rather than reactively, ensuring the highest levels of preparedness and long-term sustainability in protecting both our data and that of our customers'. For his part, Dharshan Shanthamurthy stated: 'We congratulate QIIB on this outstanding achievement in receiving the PCI-DSS certification for the tenth consecutive year. The Bank's continued adherence to this high standard, especially with the latest updates such as version 4.0.1, reflects its deep commitment to information security, serves as a leading example in the banking sector across the region'. He added: 'Our collaboration with QIIB has been highly productive, and we are proud to continue supporting the bank on its journey toward digital leadership'. It is worth noting that QIIB was among the first banks in Qatar to obtain the PCI-DSS certification under its latest version. The Bank applies the certification standards across its entire technological environment, not only within its payment systems, further reinforcing its commitment to providing a secure banking experience across all operations while maintaining a high level of responsiveness to cybersecurity challenges in line with global best practices.
Time of India
30-05-2025
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital-defence: Cybersecurity executive
A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable rival. Drawing parallels with Operation Sindoor , Dharshan Shanthamurthy , founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect. "We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told PTI. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Serbia (Prices May Surprise You) Container House | Search ads Search Now Undo He said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem. "Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said. Live Events He said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks. "Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he said. Last month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
Time of India
30-05-2025
- Business
- Time of India
Operation Sindoor wake-up call, need to be self reliant in digital defence: Cybersecurity executive
A cybersecurity executive has warned that India's heavy reliance on imported cybersecurity products poses a significant risk to the banking, financial services, and insurance sector, especially during potential conflicts with formidable adversaries like China. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A top cybersecurity executive has cautioned about heavy import dependence in securing the banking, financial services and insurance sector, saying it could be vulnerable if India had to engage in a war against a formidable parallels with Operation Sindoor , Dharshan Shanthamurthy, founder and CEO of SISA, a cybersecurity solutions company, said the defence of India's banking and financial services sector was equally important in times of conflict as any attack on the payment ecosystem could have a crippling effect."We did equally good in terms of defending our digital payment ecosystem, like the way we have defended against drone attacks. I'm sure we would have defended against the cyber attacks as well," Shanthamurthy told said Operation Sindoor should serve as a wake up call for achieving self-reliance in defending India's financial services ecosystem."Now it was an inferior armed force. But if such a conflict is against a formidable armed force such as China or any other western power, we should be able to defend our financial ecosystem equally well," Shanthamurthy said that currently less than 10 per cent cyber security products used by various enterprises were of Indian origin."Every medium size enterprise uses 68-80 cybersecurity products, of which only 10 per cent are made in India," Shanthamurthy said, adding that in times of war or a limited conflict there is always a possibility of denial of technology or updates for cyber security products, leaving various enterprises in the country vulnerable to attacks."Operation Sindoor is a really good wake up call for us to increase and level up our cyber defence," he month, SISA and CERT-IN released the Digital Threat Report-2024 for the banking, financial services and insurance sector, highlighting the emerging cyber threats and offering practical strategies for emulating and mitigating these risks.
