VEON’s Beeline Kyrgyzstan Achieves International Cybersecurity Certification

Rhea-AI Summary

VEON Ltd. (NASDAQ: VEON) announced on April 20, 2023, that its Kyrgyzstan subsidiary, Beeline Kyrgyzstan, has achieved ISO/IEC 27001:2013 certification from the British Standards Institute. This certification reflects a commitment to high standards in information security management systems, ensuring the protection of data assets for corporate, individual clients, and employees.

Kaan Terzioglu, CEO of VEON Group, emphasized the importance of cybersecurity in their operations, while Andrey Pyatakhin, CEO of Beeline Kyrgyzstan, highlighted the achievement as proof of the organization’s dedication to data security. The certification underscores VEON's ongoing efforts to enhance its security measures amid the increasing digitalization of its markets.

Positive

• Achieved ISO/IEC 27001:2013 certification, enhancing credibility in information security.
• Demonstrates commitment to protecting data assets for corporate and individual clients.
• Reflects ongoing improvements in information security processes and practices.

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• None.

Kyrgyzstan Operator obtains ISO/IEC 27001:2013 Certification from British Standards Institute underscoring commitment to high standards in information security

Amsterdam, 20 April 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announces that Beeline Kyrgyzstan, its operating company in Kyrgyzstan, has achieved ISO/IEC 27001:2013 certification, a global standard of compliance for information security management systems.

Beeline Kyrgyzstan successfully passed the security audit performed by the British Standards Institute (BSI), the national standards institute of the United Kingdom, after rigorous testing, analysis and evaluation of its information security management systems.

“Like all VEON Group companies, Beeline Kyrgyzstan is committed to providing reliable and secure online services to our breadth of corporate and individual clients,” stated Kaan Terzioglu, CEO of VEON Group. “As we continue to serve our customers with the products that enable local value generation, we never lose our focus on information and cybersecurity, constantly improving our processes and capabilities. This certification is further proof of this focus in Kyrgyzstan.” 

"This is a significant achievement that reflects our unwavering dedication in protecting data assets, and in improving our information security processes and applications – which, in turn, enables our commitment to the highest level of security for the data of our B2B clients, individual customers and employees” said Andrey Pyatakhin, CEO of Beeline Kyrgyzstan. “Getting this certification confirms the high standards we set for ourselves as an organisation.”

The digitalization of VEON’s markets and the continued roll-out of VEON’s digital operator strategy comes with an increasing necessity for protecting commercial and personal data. Beeline Kyrgyzstan obtaining this international certification of information management systems underscores VEON’s track record of increasing its security standards and improving its procedures, practices and capabilities in data management.

About VEON 
VEON is a global digital operator that currently provides converged connectivity and online services to nearly 160 million customers in six dynamic markets. We are transforming people’s lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 8% of the world’s population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext. For more information visit: https://www.veon.com.  

Disclaimer 
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, the partnership described above. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. There can be no assurance that the certification referred to above will be maintained.

Contact information 

Anna Ivanova-Galitsina 
pr@veon.com 

Julian Tanner 
Julian.tanner@tuvapartners.com 

FAQ

What does the ISO/IEC 27001:2013 certification signify for VEON's operations?

The ISO/IEC 27001:2013 certification signifies that VEON's Beeline Kyrgyzstan meets global standards for information security management systems, enhancing its reliability and commitment to data protection.

When did Beeline Kyrgyzstan achieve the ISO certification?

Beeline Kyrgyzstan achieved the ISO/IEC 27001:2013 certification on April 20, 2023.

How does the ISO certification affect VEON's business strategy?

The ISO certification supports VEON’s digital operator strategy by reinforcing its dedication to data security and improving customer trust in its services.

Who conducted the security audit for Beeline Kyrgyzstan?

The security audit for Beeline Kyrgyzstan was conducted by the British Standards Institute (BSI), the UK's national standards institute.

What impact does the certification have on VEON's shareholders?

The certification positively impacts VEON's shareholders by enhancing the company's reputation and operational credibility, potentially leading to increased customer trust and business opportunities.