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Emcredit receives prestigious ISO 27001 information security certification

January 31, 2009

Highest industry certification reflects Emcredit’s reliable data security systems

Boosts member confidence in Emcredit’s data collection and dissemination process

Emcredit, the country’s leading credit information services company, announced today that it has secured the ISO 27001

certification, which is the world’s highest accreditation for information protection and security. Emcredit is now of a few companies in the UAE and among a small number of credit bureaus in the world to receive this endorsement.

Emcredit was certified by TUV NORD Middle East, a division of TUV NORD CERT GmBH providing comprehensive inspection, testing and certification services, based on national and international regulations and standards.

Ali Ibrahim, Managing Director, Emcredit, said: “Personal and credit information forms the backbone of our business and ensuring the integrity, confidentiality, and security of our data assets is paramount to our success. Our latest ISO 27001 certification is testament to our focus on safeguarding information privacy and represents a strong vote of confidence for our members and data-sharing partners.

“Above all, we believe that an individual has the right to privacy, of which data protection is an integral element. This is further fortified through our ISO certification and our ongoing efforts to follow international best practices in line with superior industry standards.”

Ibrahim added that a vast amount of credit and personal information from financial institutions and government departments is transferred to Emcredit’s systems and updated on a real-time basis. A growing number of clients and members are accessing this information online and in real time to support their business decisions. Even as the company expands its information coverage and reporting solutions to different sectors of the economy, information security will continue to remain central to Emcredit’s operational efficiency and professionalism.

ISO/IEC 27001, part of the growing ISO/IEC 27000 series of standards, is an information security management system (ISMS) standard published in October 2005 by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). The ISO27k standards provide generally accepted good practice guidance on Information Security Management Systems designed to protect the confidentiality, integrity and availability of the information content and systems.

Mr. Markus Lechtermann, Vice President, TUV NORD Middle East, said: “We are pleased to certify Emcredit with the prestigious ISO 27001 information security certification. Operating in a business of credit assessment, credit information services and other decision support tools, Emcredit has established systems required as per the standards in an excellent manner. The company’s data centre was found secure with the redundancy and business continuity management and the data was well maintained.”

Emcredit is based in the Dubai International Financial Centre and operates in line with the DIFC’s Data Protection Law, ensuring the confidentiality and security of collection and usage of its credit information database.