FINANCIAL SERVICES

Qatar International Islamic Bank achieves ISO 27001:2022 certification for its information security management system

Getty Images
Getty Images
Getty Images

In addition to the risk-based approach, the 2022 version of ISO 27001 expands to cover the broader digital landscape, including digital transformation challenges and opportunities

PHOTO
Qatar International Islamic Bank (QIIB) has obtained ISO 27001:2022 certification in cybersecurity, making it one of the first institutions in Qatar to get a certification based on the new standards.
Obtaining the ISO certification confirms that the bank has adopted a comprehensive approach that is more focused on cybersecurity-related risks, ensuring a more dynamic security framework and adaptability to emerging threats.
In addition to the risk-based approach, the 2022 version of ISO 27001 expands to cover the broader digital landscape, including digital transformation challenges and opportunities.
This affirms that QIIB is not only securing its banking transactions but also ensuring that digital assets and customer data are protected in an increasingly interconnected world.
The ISO 27001:2022 version introduces new controls to enhance data privacy and protection and, in turn, supports the implementation of Qatar Law No (13) of 2016 for Personal Data Privacy Protection. This promotes QIIB's regulatory compliance standards about customer data protection, privacy protection, and cybersecurity.
ISO 27001 is one of the world’s highly regarded certifications, awarded to institutions and companies who meet the highest requirements and standards in information security and customer data protection, and exert their best efforts to enhance their digital security.
QIIB CEO Dr Abdulbasit Ahmad al-Shaibei said: “We are pleased to be at the forefront of institutions in Qatar that obtained this highly regarded certification according to the new accredited standards. This affirms that we are keeping abreast of recent developments and achievements in the digital age, and responding appropriately to the various challenges of cybersecurity, customer data protection, and financial transaction security.”
“ISO 27001:2022 standards promote a culture of continuous improvement. This ensures QIIB’s implementation of updated and enhanced security controls that are more relevant to the landscape of evolving digital threats, thus building stronger defences against risks related to cyber threats,” he said.
Dr al-Shaibei said: “By earning this certification and associated standards, we have positioned ourselves at the forefront of local institutions that took the initiative to ensure compliance with the highest information security standards. This reflects our strict commitment to addressing emerging cybersecurity challenges and providing the best possible protection.
“QIIB has succeeded in building high-trust relationships with its customers. We are always committed to meeting the highest standards required to safeguard the interests of all customers. For this purpose, we have spared no effort in taking care of and consistently investing in our IT infrastructure. We also rely primarily on the support offered by Qatar’s advanced IT infrastructure through various entities and levels.”
He added: “I extend my thanks and appreciation to QIIB staff, especially those working in cybersecurity and information technology, for the exceptional effort they put into their work to implement the best international standards in cybersecurity and data protection.”
© Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

Get insights and exclusive content from the world of business and finance that you can trust, delivered to your inbox.

Subscribe to our newsletters: