DOHA: Qatar Islamic Bank (QIB) has announced that it is sponsoring the Third Annual Conference for Information Security in Financial Institutions.
The conference, which is organised by Qatar Central Bank, will take place on the November 1, 2016 in Doha.
With Information Security being a nationwide matter, Qatar Central Bank is collaborating with all Government authorities, especially the Ministry of Transport and Communications and the Ministry of Interior, to confront mutual challenges.
The conference will address information security challenges faced by banks in Qatar and abroad as well as current solutions and infrastructure improvements taking place within the financial sector.
It is a continuation of the deliberations of the two previous conferences held in 2014 and 2015, which drew praise from speakers and delegates alike.
QIB’s sponsorship of the conference is in line with the Bank’s Board of Directors and Executive Management commitment to support initiatives which strengthen Qatar’s financial and banking sector. QIB prides itself on its proactive approach to information security having invested in a number of security features and tools to continuously increase customers’ protection from fraud and offer them a convenient and trouble-free banking experience.
QIB was the first Bank in Qatar to become PCI compliant with regards to credit card systems and processes, adding 3D Secure technology to safeguard online purchases made using a Debit or Credit card.
The introduction of the One-Time Password (OTP) authentication process increases security when banking online. Customers can make purchases online only after receiving the password, valid for one minute, via SMS or by using the QIB Aman smartphone application.
“As firm supporters of the initiatives taken by the Government and the Qatar Central Bank to ensure the safety of the entire banking sector, we are pleased to sponsor the Third International Security Conference for the Financial Sector and contribute to promoting Qatar as a safe and secure financial environment” said QIB’s Group CEO, Bassel Gamal.
