UnionBank partners with Asia Pacific College to strengthen security risk management for third-party vendors

In a bid to strengthen its security risk management for third-party vendors, Union Bank of the Philippines (UnionBank) has teamed up with Asia Pacific College (APC) to provide cybersecurity and information security education to these vendors.

Through this joint initiative, UnionBank is enhancing the high standard of information security for its customers’ data.

Through the MSME Business Banking Group and enterprise networking platform UnionBank GlobalLinker (UBGL), the Bank will collaborate with APC in developing training courses centered on security risk management. The courses will be tailored to the nature of services offered by the third-party vendors and their corresponding roles in UnionBank, and will be made available through the UBGL portal.

The partnership gives UnionBank an advantage over its competitors as this will also promote trust among customers, knowing that the Bank continues to employ means to safeguard their security; making clients more at ease to use its innovative and industry-leading digital banking products and services.

"UnionBank takes security risk management very seriously. This is the reason that the Bank only engages with reputable third-party vendors to ensure utmost security where the processing of customer information is involved, and this initiative will take that further," said Joey Rufo, UnionBank FVP and Chief Information Security Officer (CISO).

"Through this partnership with APC, our third-party vendors are able to adhere to global standards and best practices as they provide their services to the Bank, especially when it comes to protecting the data of our customers."

Asia Pacific College (APC) is the educational partnership of SM Foundation and IBM Philippines. APC is the only Higher Education Institution (HEI) strong in industry-academe linkages across the curriculum: with industry experience infused in content and industry experts as industry professors, full-time 6-month internship, and project-based learning as the predominant teaching/learning methodology. The aim of APC is to produce highly skilled professionals who can meet the standards of business and industry. APC is continuously upgrading its curriculum with the infusion of industry badges and certification to enhance employability and productivity of its graduates. For more information, visit https://www.apc.edu.ph.