Absa Group announced today it has been selected to serve on the Payment Card Industry Security Standards Council’s (PCI SSC’s) Board of Advisors in 2021 and 2022.
The banking group said in a statement in this role will be able to help shape the development of payment data security standards and programmes globally.
The PCI SSC leads a global, cross-industry effort to increase payment security by providing industry-driven data security standards and programmes that help businesses detect, mitigate and prevent cyberattacks and breaches.
Absa Group Chief Security Officer Sandro Bucchianeri will represent Absa on the board for the third consecutive year.
As strategic partners, board members bring industry, geographical and technical insight to PCI SSC plans and projects.
“The Board of Advisors provides industry expertise and perspectives that influence and shape the development of PCI Security Standards and programmes. We look forward to working with Absa in our efforts to help organizations secure payment data globally,” said PCI SSC Executive Director Lance J. Johnson.
The PCI SSC works with organizations around the globe to help secure payment data, and this latest Board of Advisors brings together some of the world’s leading companies from all sectors in the payments space.
Absa is one of 31 board members, alongside Google, Apple, Amazon, Citigroup, Microsoft, Walmart, JP Morgan Chase, and the European Card Payment Association among other organisations.
“The payment world continues to evolve as new technologies and methodologies are introduced and adopted,” said Troy Leach, SVP Engagement Officer, PCI SSC.
“Last year, the payment industry was required to evaluate how to demonstrate good security in an altered world such as conducting remote assessments and securely processing payments in new ways. In addition, mobile payment practices and new software lifecycle practices continue to gain greater adoption. It makes sense to expand our Board to include greater representation in all areas relevant to our industry. The Council and wider stakeholder community will benefit from the breadth of experiences and perspectives that this new Board represents.”